$ACH
âđ $ACH/USDT Analysis: Testing Key Support!
âAlchemy Pay (ACH) is currently facing a sharp correction, down -11.05% today as it retraces from its recent peak.
âđ Technical Snapshot:
âPrice Action: After hitting a 24h high of 0.01191, the price has dropped significantly to 0.01055.
âSupport Level: The price is currently hovering near its 24h low of 0.01050. If this level breaks, we may see a further slide toward the next psychological support at 0.01000.
âResistance: Immediate resistance now stands at 0.01143. A recovery above this is needed to regain bullish momentum.
âVolume: 24h trading volume is at 4.34M USDT, indicating a period of cooling off after the recent volatility.
âđ Why the Movement?
âProfit Taking: Following a sharp move upward, short-term traders are likely exiting positions, causing a "sell-off" effect.
âPayment Sector Volatility: As a bridge between fiat and crypto, ACH often reacts sharply to global payment news and regulatory updates.
âMarket Correction: With the broader market showing mixed signals, high-beta assets like ACH are experiencing standard healthy retracements.
âđĄ Trading Strategy (DYOR):
âWaiting for Confirmation: Watch the 0.01050 support closely. A bounce from here could offer a "Buy the Dip" opportunity.
âRisk Warning: Avoid entering heavy positions until the selling pressure slows down and the 1H candle turns green. Not Financial Advise.
â#ACH #AlchemyPay #CryptoAnalysis #BinanceSquare #TradingSignals