$ACH /USDT Daily Chart Analysis – ⚠️ Bearish Pressure Despite Short-Term Momentum

Current Price: $0.02690 (-1.86%)

Daily Range: High: $0.02936 – Low: $0.02630

🔹 Key Technical Insights:

Trend & Price Action:

✅ ACH has shown a decline of -1.86% today, indicating bearish momentum after a strong upward move earlier in the year.

✅ The price has recently faced resistance near the upper Bollinger Band, signaling a potential reversal.

✅ Bollinger Bands are contracting, indicating reduced volatility in the short term but suggesting that a bigger move could be on the horizon.

Moving Averages (MA):

✅ SMA 5, 10, 20 → Bullish → Indicating short-term positive price action.

✅ SMA 50 → Bullish → Confirming the medium-term uptrend.

Momentum Indicators:

RSI (D: 69.34, 15: 23.56, 60: 45.69, 240: 70.27) → Overbought on daily ⚠️

Stochastic RSI: Bullish crossover → Indicating potential for a short-term reversal to the upside ✅

MACD: Bearish crossover → Suggesting a weakening of bullish momentum ⚠️

ADX: Bearish crossover → Weakening trend strength ⚠️

MFI (Money Flow Index): Bullish range → Buying pressure still present ✅

VWAP: Downtrend → Indicates ongoing downward pressure ✅

📉 Support & 📈 Resistance Levels:

📈 Resistance: $0.02936, $0.0300, $0.0350

📉 Support: $0.02630, $0.0250, $0.0200

⚠️ Outlook & Trading Plan:

✅ Bearish Scenario: A break below $0.02630 could lead to further declines toward $0.0250 - $0.0200.

⚠️ Bullish Reversal: A break above $0.02936 could signal a potential return to the upside toward $0.0300.

📢 Conclusion:

ACH/USDT has seen a significant pullback, with bearish signals coming from MACD and VWAP. Despite this, the Stochastic RSI and MFI suggest that there may still be some short-term bullish momentum. Keep an eye on key support levels for signs of a possible rebound or further downside.

#ACH #Crypto #Trading #TechnicalAnalysis ⚠️