Alchemy Pay (ACH) price has once again gained investors’ attention after a 13.89% surge on Tuesday. ACH crypto fell to its lowest level in 3 months last week but had a strong rebound as a lot of buyers stepped in at the lows. Consequently, the cryptocurrency has been up 34% since then and is eyeing further upside.
On Wednesday, ACH crypto had a pullback as the BTC price fell below $27,000 once again. Most other altcoins also showed a similar price action as Ethereum slid by 1.45%. At press time, Alchemy Pay was changing hands at $0.0268.
According to the most recent ACH news, the project is attending the Teamz, Inc. Web3 Summit in Tokyo. The project intends to showcase its innovative payment solutions and fiat gateways at the event in front of talented developers from across the globe.
Despite a 34% bounce from its recent lows, Alchemy Pay price remains 47.5% down from its yearly high. The latest analysis reveals that the price needs even a bigger breakout to flip bullish. Both the bullish and the bearish scenarios are discussed below.
The following ACH crypto chart reveals that the price has bounced off its 0.0226 support level after briefly dipping below it. After a strong rebound, the price got rejected from the upward trendline today, as shown in the following chart.
Alchemy Pay price prediction will flip very bullish if the price breaks above this trendline. In case of a breakout, bulls may target the $0.035 level, which is the 0.618 fib retracement level. This will be a 31.5% increase from the current price. This also opens the doors for a new all-time high which will be a 100% increase.
I’ll keep posting my updated ACH price analysis on my free Telegram channel, which you are welcome to join.
This post was last modified on %s = human-readable time difference 15:14