Alchemy Pay

A 19% drop on the Alchemy Pay market last week (May 4 - May 10) signals that the sellers are gaining strength.

Between May 4 - May 10, Alchemy Pay has been mostly bearish as its price has been in the falling mode. The price swings of ACH pointed to the presence of medium volatility. There has been a fall in the market capitalization of the asset during the period under review. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.

Alchemy Pay has been moving reservedly on the backdrop of average volatility. Given that the average volatility on the ACH market didn't exceed 11%, the price action remained limited. The largest volatility for the given period occurred on May 4 and amounted to 12.54%. The price of the asset had fluctuated the least on May 8, when the volatility plummeted to 0%. The crypto coin's market didn't put up any surprises due to mild average volatility of 11%.

The opening price of Alchemy Pay was at $0.03 on May 4, with sellers having a more visible presence on the market. During the opening day on May 4, ACH has had a 2% move to the downside. May 5 saw the coin going another 2% since the open, supported by the corresponding trading volume. During the next trading day, the rate of change in the price of Alchemy Pay stood at 7% having reached the low at $0.03 and the high at $0.03 as the advantage remained on the side of sellers. ACH ’s performance during May 7 was the following: the price declined by 1% in conjunction with the acceptable trading volume. After the open at $0.03, Alchemy Pay moved during May 8 in the range between the said open and the close at $0.02, having posted the 24H low at $0.024 and the 24H high at $0.027. The crypto coin opened the trading session on May 9 at $0.02 and finalized it at $0.02; the highest point of price action was at $0.024, the lowest was detected at $0.023. The coin's market saw no changes on May 10, as the market flatlined. The price action on the asset's market during the period between May 4 and May 10 topped at $0.03, while the bottom of the price range was established at $0.02. Alchemy Pay shaped the $0.006 price range over the week of price action, which constituted the 19% gap between the weekly low and the weekly high.

Alchemy Pay ’s average trading volume on the opening day of the observed time period, May 4, stood at $29 677 535, while on the closing day of the same period, it moved to $22 024 788. We can draw the comparison with the period of 7 days that preceded the reviewed one when ACH ’s trading volume varied from $16 661 516 to $43 760 547. The 0% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 19%.

The change in the total market capitalization of Alchemy Pay from May 4 to May 10 was as follows: on May 4, the capitalization was at $150 364 270, while on May 10, it reached the level of $115 178 457. 23% was the calculated percentage change for the ACH market over the past week. The price of the coin changed by 19% on the back of the 23% shift in its total market capitalization. The comparison with the Alchemy Pay market capitalization seen during the time period April 27 - May 3 that occurred before the observed one, which changed by 7%, from $161 072 275 to $149 060 201, allows us to get a clearer understanding of current market conditions.

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Article date: May 10 | May 4 - 10

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