ACH token remains extremely bearish as Alchemy Chain expands its supply

Alchemy Pay’s ACH token has been under heavy pressure in recent weeks.

Since late January, the token has been locked in a relentless downtrend.

The upper resistance zone around $0.0120–$0.0125 marked the start of the selling pressure.

From that point, ACH has steadily moved lower without any meaningful recovery.

A brief pause occurred at the $0.0076–$0.0082 range, but that zone could not hold.

Instead, it has now become the key resistance overhead.

Every time the price attempted to climb back into this middle zone, it faced renewed selling.

This pattern has created a clear structure of lower highs.

Even small bounces have been weak and short-lived.

The current price, sitting at $0.006966, is just below the floor of this resistance zone.

Alchemy Chain expands ACH supply

Meanwhile, Alchemy Chain has taken steps to expand ACH’s token supply.

According to a recently published press release, the total ACH supply is set to increase by about 6%.

This move is designed to support validators, developers, and ecosystem growth.

It also aims to fund merchant integrations and stablecoin operations.

On paper, this strengthens the utility of ACH as the chain’s native token.

It positions ACH as a core part of a fast, low-cost stablecoin network.

The network itself is being built for payments, remittances, and wallet-to-wallet transfers.

A recent testnet launch marks a step toward a mainnet rollout.

This expansion shows a focus on long-term network adoption rather than short-term price gains.

However, the tokenomics change adds more circulating supply, which can weigh on the price in the near term.

The fundamentals signal potential, but the market structure remains bearish.

From a technical perspective, the ACH price chart shows the token has been grinding below the $0.0076–$0.0082 zone for weeks.

Each approach has been met with rejection, creating lower highs.

The structure suggests one more attempt toward the resistance zone.

After that, a sharp drop toward $0.0058–$0.0060 is projected.

Bulls would need a sustained move back into the middle zone to change the trend.

However, until then, the downtrend remains dominant since every bounce into resistance continues to be a selling opportunity.

Traders should keep a close eye on the $0.0076–$0.0082 resistance zone.

A rejection here could push the price toward $0.0058–$0.0060.

But if that support holds, a short-term consolidation may occur before the next directional move.

However, a sustained recovery above $0.0076–$0.0082 is necessary for any bullish case, according to Analyst R3N.

Above $0.0082, traders could look for a challenge of the previous high near $0.0120.

On the downside, a break below $0.0058 could trigger further selling pressure.

In short, March is likely to be dominated by sideways-to-lower action unless buyers reclaim key resistance zones.

The trend and market structure remain firmly bearish, despite the network’s expanding utility and supply framework.