The Alchemy Pay Price made a strong recovery, after hitting its highest level since February 2022, after the strong regulatory progress.
Alchemi Pay (ACH) coin in 2023 reached a high level of $ 0.0585 to 730% from its lowest level in 2023, and increased its market cap to more than $ 452 million.
The rally took place after the company received the digital currency exchange provider license in Australia. It now has 12 licenses globally, and the management expects to get more in the next few months. It also has an American money transmitter license and UK API approval.
Alchemy pay also partnered with movement to reach a major milestone, a blockchain network that allows users to manufacture quality applications.
This Ethereum units the virtual machine and the move-based ecosystem. The new partnership allows people to be easily taken to the ship on the movement network and also purchases tokens using visa, mastercard and other payment gateways.
Alchemy Pay has become one of the biggest players in the Crypto industry. Its main product is one that allows to bridge over 50 fiat currencies such as cryptocurrency and US dollars and euros.
It also provides a fintech solution that helps companies to accept cryptocurrency and get money in local currency. Recently, it launched a high -performing layer -1 solution for the alchemy chain, the payment industry.
Venture Capital firms have also funded the Alchemy Pay, with the most recent funding of $ 10 million, which is around $ 400 million.
Mirhir N., founder of the rhythmic analyst. Noted the X that the alchemy is “near the breakout.” See below.
Alchemy pay price forecast
The weekly chart suggests that the ACH price has done a strong breakout this week. This rebound went above the major resistance level to $ 0.0515, its highest swing and 23.6% fibonacci retracement level on 11 March.
This price was also the neckline of the slanted triple-bottom pattern. The alchemy has gone above the 25-week moving average, an indication that bulls are under control for now.
Therefore, the coin will probably continue to grow, with the next point $ 0.0930, 50% Fibonacci Retressment Point, which is about 80% above the current level.
