ACH is holding around $0.00735 on the 15m chart, down 1.34% on the day but still up 18.77% over 7 days. Price bounced off the 0.00727 area and is now testing resistance near 0.00740-0.00745. Volume is active at 908.31K on the 15m bar, and the order book shows decent liquidity around 0.00733-0.00736.
Here’s a clean setup based on what the chart is showing right now:
1. Price Structure
Short-term: ACH made a sharp drop from 0.00780 to 0.00700, then recovered. Right now it’s coiling under 0.00740 resistance.
Context: 90-day gain is still +21.58%, but 180-day is -39.74%, so we’re in a bounce within a longer downtrend.
Note: Total supply increased from 10B to 15.346B. Circulating supply will keep rising over 7 years, which adds sell pressure long term.
2. Entry Zones
Aggressive entry: 0.00728-0.00730 if you want to play the bounce off support. Stop under 0.00725 for a tight risk.
Confirmation entry: Wait for a clean break and hold above 0.00740 with volume. That flips the near-term structure bullish and opens room to 0.00760-0.00780.
Avoid chasing: 0.00745-0.00750 is where sellers stepped in earlier. Low RR unless you see a volume spike.
3. Exit / Take Profit Zones
TP1: 0.00745-0.00750 - first resistance, also 24h high at 0.00786 nearby.
TP2: 0.00770-0.00780 - prior swing area. Good spot to take partials.
Invalidation: Close below 0.00725 on 15m breaks the bounce structure. That puts 0.00700 back in play.
4. What to Watch
Volume: Needs to stay above 500K per 15m bar on any breakout. Low volume rallies here usually fade fast.
Order Book: Bids are stacked at 0.00734 with 156k, Asks at 0.00735 with 92k. Small walls, so moves can be sharp both ways.
News: Alchemy Pay just expanded U.S. compliance with Nebraska license. That’s a positive fundamental, but price still needs technical follow-through.
My take: This looks like a patience trade. Structure is neutral until 0.00740 breaks with volume. If it does, short-term momentum can push to 0.00780. If rejected, expect a retest of 0.00728-0.00700. Supply inflation makes ACH more of a tactical trade than a long hold for now.
What’s your view - are you looking at ACH for a scalp around 0.00740, or waiting for a deeper retest? 👇#U.S.SenatorsBarredfromTradingonPredictionMarkets
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