ACH at a Crossroads: Short-Term Bounce vs Heavy Institutional Shorts
ACH is showing a short-term recovery, trading at $0.00798 (+4.36% in 24h). While the bounce offers temporary relief, the broader structure remains weak after a 32.4% monthly decline, keeping the dominant trend bearish.
Price Action & Technical Snapshot
Current price: $0.00798
Trend context: Short-term bounce within a broader downtrend
Momentum:
RSI around 54.5 → neutral-to-slight bullish, but not strong
MACD neutral → no clear trend reversal yet
Bollinger Bands show a bearish bias, with frequent downside expansions
Flow data highlights instability rather than accumulation. A $7.0M inflow was quickly followed by a $2.6M outflow, while sell pressure peaked at $7.26M compared to just $0.82M in buys, reinforcing distribution behavior.
Whale Positioning: Bearish Control
Smart money positioning continues to favor the downside:
Short whale positions: Increased to 120.9M
Long whale positions: Dropped 5.7% (87.6M → 81.7M)
Long/Short ratio: Fell to 0.682, confirming bearish dominance
Average entries:
Shorts: $0.00830 (currently profitable)
Longs: $0.00797 (now slightly underwater)
The rise in profitable short positions signals institutional conviction rather than hedging.
Sentiment Conflict: Fear vs Hype
Market psychology is split:
Fear & Greed Index: Extreme fear at 12
Social sentiment: Overwhelmingly bullish (24:1)
This imbalance suggests oversold conditions, but sentiment alone is not enough to reverse a trend while whales continue adding shorts.
Key Price Tensions
$0.00795–$0.00797: Critical support zone
Loss of this level likely resumes the downtrend toward $0.00780
$0.00830: Major inflection point
Break and hold above this level would place a large portion of short positions under pressure, increasing short-squeeze risk
Above $0.00850: Confirms trend shift and opens room for a broader recovery
My Take
Right now, ACH is bouncing, not reversing. The structure remains bearish as long as price stays below $0.00830 and whale shorts continue to build.
Below $0.00795: Downside continuation favored
Above $0.00830: Risk flips, and a sharp squeeze becomes likely
Until proven otherwise by price, shorts control the market, and any upside should be treated as reactive—not trend-changing.
This article reflects personal market analysis and is not financial advice.#alchemypay @Alchemy Pay $ACH
