Alchemy Pay's ACH token is facing intense selling pressure, with its price locked in a relentless downtrend since late January. The token's decline began after it was rejected from the upper resistance zone between $0.0120 and $0.0125. Since then, it has steadily moved lower, establishing a clear pattern of lower highs.
A brief consolidation occurred in the $0.0076–$0.0082 range, but this zone has now flipped to become a key overhead resistance. Every attempt by the price to climb back into this middle zone has been met with renewed selling, resulting in weak and short-lived bounces. As of the report, the ACH price sits at $0.006966, just below this critical resistance floor.
Meanwhile, the Alchemy Chain ecosystem is undergoing a significant tokenomics change. According to a recent press release, the total supply of ACH is set to increase by approximately 6%. This expansion is designed to support network validators and developers, fund merchant integrations, and bolster stablecoin operations. The move aims to strengthen ACH's utility as the native token of a fast, low-cost payment network built for remittances and wallet-to-wallet transfers, with a recent testnet launch paving the way for a mainnet rollout.
While this supply expansion signals a focus on long-term network adoption, it introduces more circulating tokens, which analysts note could exert near-term downward pressure on the price. From a technical standpoint, the market structure remains firmly bearish. Analyst R3N projects that if the price is rejected again from the $0.0076–$0.0082 zone, a sharp drop toward the $0.0058–$0.0060 support range is likely. A sustained recovery above $0.0082 is deemed necessary for any bullish reversal, which could then target the previous high near $0.0120. Conversely, a break below $0.0058 could trigger further selling pressure.
In summary, March is expected to be dominated by sideways-to-lower price action unless buyers can decisively reclaim key resistance levels, highlighting a conflict between improving network fundamentals and a persistently weak technical outlook.
