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The price of Alchemy Pay (ACHUSD) is trying to overcome its negative pressure – Analysis – 08-05-2025 $ACH
The price of Alchemy Pay (ACHUSD) has extended its gains during its recent trading sessions, supported by positive signals from the relative strength indicators, despite reaching areas of extreme overbought conditions. It has successfully surpassed the ceiling of a positive technical formation created in the short term, which is a descending wedge pattern, and is currently attempting to overcome the negative pressure of the simple moving average for the 50 period, after which it will declare a full recovery.
Therefore, our expectations indicate a rise in the price of the currency during its upcoming trades, but on the condition that it stabilizes above the price of $0.025219, aiming for the pivotal resistance level of $0.028213.
Expected trend for upcoming trades: Bullish
The price of Alchemy Pay (ACHUSD) is trying to overcome its negative pressure – Analysis – 08-05-2025 $ACH
The price of Alchemy Pay (ACHUSD) has extended its gains during its recent trading sessions, supported by positive signals from the relative strength indicators, despite reaching areas of extreme overbought conditions. It has successfully surpassed the ceiling of a positive technical formation created in the short term, which is a descending wedge pattern, and is currently attempting to overcome the negative pressure of the simple moving average for the 50 period, after which it will declare a full recovery.
Therefore, our expectations indicate a rise in the price of the currency during its upcoming trades, but on the condition that it stabilizes above the price of $0.025219, aiming for the pivotal resistance level of $0.028213.
Expected trend for upcoming trades: Bullish
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ACH
0.02665
+9.62%