Today, let's talk about ALCH coin

ALCH is not a mainstream cryptocurrency, and its market awareness is relatively limited. Currently, public information about its underlying project background, technical architecture, application scenarios, and other detailed content is quite scarce. It may be a token for a specific blockchain project, possibly serving certain functions within the project ecosystem, but the overall information transparency is quite low, which makes it difficult for investors to assess its value.

ALCH's 24-hour trading volume is 269 million ALCH, with a transaction amount of 15.2672 million USDT. The change in trading volume, combined with the price decline, indicates that market trading activity is affected by price fluctuations, and seller strength has recently taken the lead. The current ALCH price is 0.05549, with a 24-hour decline of 10.04%, indicating significant market selling pressure. The 24-hour price range is between 0.05334 and 0.06244, showing notable volatility and reflecting the instability of market trading. From the moving averages, MA(7) is 0.07005, MA(25) is 0.08405, and MA(99) is 0.12204. The current price is far below these moving averages, indicating a bearish trend in the short-term, medium-term, and long-term market.

Short-term trend: The price continues to decline significantly, and market panic sentiment may spread. From a technical chart perspective, there are no clear signals to stop the decline, and there is a possibility of further probing downwards in the short term. The support level below is unclear, and attention should be paid to previous low points and other key positions.

#加密市场回调 $ALCH