Alchemy salaries have recovered in the past few days, making it one of the most prominent Altcoins in the encryption industry. The ACH code rose to an increase of $ 0.02885 on Tuesday, its highest point since March 21, an increase of 60 % of the current level. This recovery pushed the market ceiling to more than $ 242 million.
Why the ACH price rises
Alchemy Pay is a major encryption project in the payment industry. It provides some services, including the slope solution inside and outside, cards payments, facilitate the list of the distinctive symbol, and encryption payments.
The main Alchemy Pay solution is to provide an easy way to buy encrypted currencies quickly. It also provides a solution for people to exchange their symbols for cash, which is then transferred to bank accounts and other payment gates.
Alchemy Pay has also launched Alchemy series, which is the Layer-1 network that developers can use to build applications. Specifically, the series focuses on international payments, helping developers to create solutions to expand their services.
The ACH price increased recently after the developers Declare They enter the real world of the world (RWA) Tokenization and Stablecoin Industries. Its platform will enable users to easily trade symbolic origins in areas such as American real estate, stocks, treasury bills and money.
The concept behind this is simple in that it will start with a real origin, which will then be brought in the series and the distinctive symbol. Users will be able to buy these assets either using encrypted currencies or Fiat currencies.
Regarding Stablecoins, developers hope to be a Blockchain group that focuses on symbols like Tether and Coin Usd (USDC). Its goal is to assemble the liquidity of this stablecoins across all Blockchains. The goal is to create a limitless financial environmental system with low transaction costs.
Ach Futures open attention
The price of alchemy has been well achieved in the past few days with an open interest for futures. Coinglass data shows that the open interest rose to $ 29 million on Tuesday, which is the highest swing since February this year. He jumped from a decrease of $ 10 million this month.
Current currencies often work well as the open interest of futures for futures continues to rise. This is because it is a character used to show the size of the call and put the options on the market.
However, the risk is that the financing rate has decreased minus 0.39, down from the highest level in the past week of 0.00305. The negative financing rate is often seen as a declining sign.
Technical analysis of the bottom salary price
Ach price scheme | source: Tradingvief
The daily graph shows that the ACH price was in a strong upward trend in the past few days. It remains over the rising trend line that connects the slightest swing since August last year.
The ALCHEMY salary price moves higher than that of 50 days and 100 days (EMA), which is a bullish sign.
The symbol also formed a reverse head and shoulder, which is a common thunderbolt mark. Also, the RSI and MACD indicator indicated to the top.
Therefore, the distinctive symbol is likely to continue as the bulls target the main resistance point at $ 0.040, which is the highest swing on December 6. This goal is more than 47 % higher than the current level. However, the main support of the main support at $ 0.0240 will nullify the upscale expectations.
