- ACH surges 39% in a day, fueled by whale accumulation and exchange activity.
- Alchemy Pay announces “something fast, stable, and innovative” and confirms Consensus 2025 participation.
- Technical analysis suggests the potential for another breakout if ACH consolidates above current levels.
Alchemy Pay’s ACH token has made rapid gains, surging by 39% in the past day, mainly driven by significant whale accumulation and a flurry of exchange activity. Technical analysts observed an ascending accumulation channel forming on the charts, hinting at a potential breakout.
Traders believe the token will soon reach and exceed the $0.110847 price target. On top of that, whales are strategically buying ACH at a major support zone, indicating strong confidence in the token’s future performance.
The technical analysis indicates that if ACH manages to consolidate above the current level without facing significant rejection, another substantial breakout could be on the horizon. Traders are advised to closely monitor the key levels identified by analysts.
Throughout the day, ACH has been among the top tokens withdrawn from centralized exchanges (CEXs). This suggests investors are willing to hold their ACH off exchanges in anticipation of future price appreciation. This trend was seen at 18:08 UTC, when the token entered the top rankings for spot and futures purchases across all CEX platforms, showcasing a surge in buying pressure.
ACH’s Million-User Milestone: Visa/Mastercard Partnerships Drive Growth
Adding to the bullish sentiment, Alchemy Pay has recently teased “something fast, stable, and innovative,” sparking excitement within the community. Furthermore, the project confirmed its participation in the Consensus 2025 conference in Hong Kong on February 19th, further solidifying its presence in the industry.
As a key player in the fiat-crypto payments space, Alchemy Pay has cemented its position in providing a one stop solution for projects to adopt more users. With a reported user base exceeding one million globally, the platform processing millions in annual transactions. The company has also secured recognition as an authorized third-party service provider for VISA and Mastercard.
Overall, the token’s strong performance, coupled with exchange activity and the project’s strategic initiatives, has positioned it as a potential leader in the market. However, as with any cryptocurrency, investors should exercise caution and conduct thorough research before making any investment decisions