Alchemy Pay $ACH /USDT Daily Chart Analysis – 🚀 Strong Rebound?

Current Price: $0.02657 (+9.12%)

Daily Range: High: $0.02739 – Low: $0.02430

🔹 Key Technical Insights:
Trend & Price Action:

ACH is seeing a strong bullish move, up 9.12% today.
Price bounced off support near $0.024 and is pushing toward $0.027 - $0.03 resistance.
Bollinger Bands indicate expansion → Suggesting increased volatility and potential continuation.

Moving Averages (MA):
✅ Bullish: SMA 5, SMA 10, SMA 20 → Short-term uptrend confirmed
⚠️ Bearish: SMA 50 → Long-term downtrend still intact

Momentum Indicators:
RSI (D: 66.94, 15: 54.78, 60: 69.9, 240: 88.05) → Approaching overbought levels 📈
Stochastic RSI: Bullish crossover → Suggests further upside momentum ✅
MACD: Bearish crossover ⚠️ → May indicate some resistance ahead
ADX: Bearish Crossover → Trend is still weak
MFI (Money Flow Index): Bullish Range → Buyers are stepping in ✅
VWAP: Uptrend → Short-term bullish confirmation ✅

📉 Support & 📈 Resistance Levels:
📈 Resistance: $0.0275, $0.030, $0.035
📉 Support: $0.0240, $0.0225, $0.0200

⚠️ Outlook & Trading Plan:
✅ Bullish Scenario: If ACH breaks $0.0275, next targets are $0.030 - $0.035.
⚠️ Bearish Risk: Failure at $0.0275 could lead to a retest of $0.024 - $0.0225.

📢 Conclusion:
ACH is seeing strong buying pressure, breaking out of a key range. Short-term indicators are bullish, but MACD and long-term SMA 50 remain a concern. Watch for a break above $0.0275 for further confirmation.