Alchemy Pay (ACHUSD) declined in its latest intraday trading after encountering resistance at the 50-day SMA, under the dominance of the main short-term bearish trend. A bearish divergence has started to form on the relative strength indicators after reaching excessively overbought levels compared to the price movement, accompanied by the early appearance of a bearish crossover, which reinforces the negative outlook.

Therefore, we expect the cryptocurrency to decline in its upcoming intraday trading as long as the resistance level of $0.013855 holds, targeting the key support level of $0.011940.

Todays price forecast: Bearish.