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$ACH /USDT Facing Intense Sell Pressure – Will the Downtrend Continue?
Alchemy Pay (
$ACH ) is experiencing a notable decline, slipping 4.20% to $0.02988, with bears firmly in control. The price is hovering near its 24-hour low of $0.02985, signaling a potential breakdown. If key support fails, further downside pressure could accelerate.
📊 Crucial Price Levels to Watch
🔻 Support Zone: $0.02950 – A breach of this level could open the door for further declines toward $0.02800 and potentially $0.02650.
🔺 Resistance Barrier: $0.03100 – Bulls need to reclaim this level to regain strength and shift momentum toward a possible recovery.
🎯 Trade Strategy – Key Entry & Exit Points
📉 Short Setup: Enter a sell position below $0.02950, targeting $0.02800 and $0.02650 if bearish momentum persists.
📈 Long Setup: If
$ACH rebounds above $0.03100, potential upside targets include $0.03250 and $0.03400.
🚨 Stop-Loss: Set at $0.03050 to minimize risk and prevent sudden reversals.
📉 Market Analysis – Why Is
$ACH Declining?
✅ Weak Buy Momentum: Demand remains sluggish, allowing sellers to dominate.
✅ High Trading Volume: Increased sell-side pressure suggests further downside risk.
✅ Technical Rejection: A failure to hold above critical resistance levels is reinforcing bearish sentiment.
💡 Final Outlook
If ACH fails to maintain $0.02950, expect extended losses in the short term. However, a strong bounce from $0.03100 could signal a potential turnaround. Traders should stay alert, manage risks effectively, and adapt their strategies accordingly.
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