š„ Alchemy Pay ($ACH ): The Game Changer in Global Payments
š A bridge to the future:
Alchemy Pay is not just a cryptocurrencyāitās a revolution. Its infrastructure enables fiat, stablecoin, and crypto payments, seamlessly integrating with traditional systems. With global policies increasingly favoring regulated cryptocurrencies, ACH is poised to become a cornerstone of financial innovation.
āļø Yesterdayās battle
The market witnessed a real tug of war:
ā¢ Price: From $0.025, it climbed to $0.044, stabilizing around $0.033.
ā¢ Funding rate: Stuck at -3% for most of the day, indicating heavy short pressure. Recently, it eased to -1.3%, a sign shorts might be losing steam.
ā¢ Liquidations: Heavy short liquidations marked the price spikes, with buyers briefly gaining control.
š Market indicators tell the story
ā¢ Volume: Increased during price rallies, while shorts dominated in dips.
ā¢ Funding rate: Despite its recovery, it remains negative. A continued rise could trigger a short squeeze.
ā¢ Support and resistance: Price has consolidated above $0.033, but breaking above $0.040 could pave the way for significant upward momentum.
š Current price and possible scenarios
ā¢ Current price: $0.033, showing signs of stabilization.
ā¢ Bullish scenario: If the price breaks above $0.035 with growing volume, it could retest $0.040 and potentially $0.044.
ā¢ Bearish scenario: A drop below $0.033 might lead to $0.030, but buyers are likely to step in to defend this level.
š® Outlook
With the global adoption of crypto payments rising, ACH has all it takes to emerge as a leader in the industry. The battle between buyers and sellers rages on, but the project itself seems destined for sustainable growth.
š” Personal conclusion
Iāve chosen to go long on ACH. I believe in the potential of this projectānot just as a speculative asset but as a real game changer. The future could see Alchemy Pay at the forefront of financial innovation.
What do you think? Is it time to bet on the longs? š
DYOR!
