Alchemy Pay

A 14% drop on the Alchemy Pay market last week (April 30 - May 6) signals that the sellers are gaining strength.

The downward movement of the Alchemy Pay price last week indicates the chosen market is bearish. The price swings of ACH pointed to the presence of medium volatility. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The price action of the crypto coin last week took place on the back of decreased trading volume.

While the volatility remains restrained, Alchemy Pay isn't making any explosive moves. Our comprehensive data indicates that the price change of ACH has been moderate on the back of the average volatility of 5% for the given time period. The coin has hit the highest point of volatility on April 30. The asset saw its volatility drop to the lowest level for the given period on May 4 as it shrank to 1.75%. The bulls and the bears appear to be remaining in deadlock as the average volatility of the crypto coin was no higher than 5%.

Alchemy Pay began the day on April 30 at $0.03, while the broad background was bearish. During the opening day on April 30, ACH has had a 3% move to the downside. The market sentiment on May 1 stayed bearish as the coin obtained another 5%. The price range of Alchemy Pay formed between $0.03 and $0.03 on May 2 as the price traveled 2% up. The next trading session was characterized by more price action (as ACH made a 3% move) on the back of the consistent trading volume. After the open at $0.03, Alchemy Pay moved during May 4 in the range between the said open and the close at $0.03, having posted the 24H low at $0.03 and the 24H high at $0.03. The activity on the crypto coin's market on May 5 resulted in the asset being traded between $0.03, the open of the day, and $0.03, the close of the day; at some point, the price spiked to the daily high at $0.03 and briefly dropped to the daily low at $0.029. Between the 24H high at $0.03 and the 24H low at $0.03, the coin was traded in the $0.03 - $0.03 price corridor. The asset posted the weekly low at $0.03, while the top of the weekly trading session was registered at $0.03. The price action on the weekly time frame made Alchemy Pay within the 14% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.004.

As for the average trading volume in the time slot between April 30 and May 6, the Alchemy Pay market registered the change from $16 661 516 to $21 403 515. Over the week that came before the analyzed time span, the average trading volume of ACH ranged between $18 839 795 and $43 760 547. The 22% trading volume fluctuation between April 30 and May 6, as compared with the previous period, served as a basis for a 14% price move.

The change in the total market capitalization of Alchemy Pay from April 30 to May 6 was as follows: on April 30, the capitalization was at $162 843 750, while on May 6, it reached the level of $147 816 130. The rate of percentage change for the last week for ACH was 9%. The price of the coin changed by 14% on the back of the 9% shift in its total market capitalization. During the week before the analyzed time frame, the market capitalization of Alchemy Pay moved by 7% as it went from $174 151 556 to $162 290 043, and gave a better understanding of the general direction in which this market is flowing.

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Article date: May 6 | April 30 - May 6

Market reviews for similar coins for April 30 - May 6