Alchemy Pay’s token (ACH) has attracted fresh interest amid its price surge. The payment solutions project has risen in value lately driven by market speculation and shifts in the broader economy. With the broader market stagnating lately, traders are tracking ACH’s technical price points to gauge potential future movement.
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Alchemy Pay Surges Amid Stablecoin Speculation
Alchemy Pay was founded in Singapore in 2018. Analyst Nilesh Rohilla mentioned that it facilitates seamless transactions between fiat and crypto for merchants, developers, and institutions.
Furthermore, he mentioned that the recent rise in prices corresponds with rumors regarding a forthcoming announcement concerning stablecoins. Even though data is limited, the possibility of quicker transactions corresponds with wider industry patterns. Significantly, large financial institutions such as Mastercard are intensifying their tokenization initiatives
$ACH : 25% rally.🚀🚀🚀
— Nilesh Rohilla | Crypto Analyst (@nilesh_rohilla) February 18, 2025
Founded in Singapore in 2018, Alchemy Pay (ACH) is a payment solutions provider that seamlessly connects fiat and crypto economies for global consumers, merchants, developers, and institutions.
Recently, Alchemy Pay hinted at a new development involving… pic.twitter.com/EbjYCyufAw
Nilesh Rohilla noted that the project’s recent developments have sparked interest among traders. Many market participants associate Alchemy Pay with the “China narrative coin” trend. Additionally, China’s recent liquidity injection announcement has amplified excitement around the project, contributing to its upward momentum.
ACH Technical Indicators Show Bullish Potential
Market analysts highlight historical patterns in ACH’s price movements. Over the past two years, Alchemy Pay has recorded significant gains in the first quarter. Currently, the token has bounced from key technical levels, including the Daily MA200 and Weekly MA50, signaling a potential continuation of its bullish trajectory.
Rohilla pointed out that $0.05 remains a crucial resistance level. A successful breakout above this threshold could confirm a bullish phase. A possible entry point for long-term holders is the $0.0250 level, a solid support for accumulation on the downside.
This technical prognosis was reaffirmed by Coinpedia Markets (@MarketCoinpedia). They pointed out that ACH is trading 75.14% above its 200-day simple moving average of $0.018979.
$ACH is trading 75.14% above its 200-day SMA ($0.018979), indicating a strong upward trajectory. 📈#ACH has built key support at $0.0250, while the next major resistance lies at $0.0584.A breakout above will open a bull phase with target of $0.1, a ATH by March.🚀
— Coinpedia Markets (@MarketCoinpedia) February 18, 2025
The 14-day… pic.twitter.com/sr5f1dzCUP
The 14-day relative strength index (RSI) stands at 56.10, suggesting neutral momentum but increased buying activity. Additionally, ACH’s 30-day volatility of 28% implies moderate price swings, making short-term swings likely.
Read also: XRP Price Prediction For February 18
China’s Economic Stimulus Adds Fuel to ACH Market Performance
Another catalyst for Alchemy Pay’s price increase is China’s economic stimulus measures. The country’s recent liquidity injection has driven increased market optimism, with some traders speculating that ACH could benefit from broader economic shifts.
Historically, China-linked narratives have influenced specific crypto assets, and Alchemy Pay appears to be one of them.
The token is currently trading at $0.03401, with a daily volume exceeding $269 million. Recent market movements indicate strong momentum, with ACH increasing by 30% in the past day and nearly 16% over the week as per CoinGecko.
Analysts anticipate that if the present bullish trend continues, Alchemy Pay might surpass the $0.0584 resistance, possibly attaining $0.10 by March. Although the wider crypto market is still unstable, recent events, technical patterns, and macroeconomic elements are affecting its price swings.
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