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$ACH : Bullish Reversal from Major Demand Zone!
Alchemy Pay (
$ACH ) is showing strong signs of a trend reversal. After a period of cooling off, the price has tapped into a significant demand zone, and buyers are stepping back in to defend this level.
🔍 Technical Overview
Market Structure: Price is rebounding from a multi-week support level. With $BTC stabilizing near $93,000, mid-caps like ACH are beginning to see a rotation of capital.
Fundamental Boost: This move follows Alchemy Pay’s recent South Dakota MTL license win and the successful launch of the Dash fiat on-ramp, which has significantly boosted the token's utility and sentiment.
Momentum: The 4-hour chart shows a bullish divergence on the RSI, suggesting the selling pressure is exhausted.
⚡ The Trade Setup (Long)
🎯 Entry Zone: 0.0112 – 0.0120
🚀 Take Profit 1: 0.0128
🚀 Take Profit 2: 0.0142
🚀 Take Profit 3: 0.0160
🛑 Stop Loss: 0.0106
Strategy Note: Watch for a clean breakout above the 0.0125 resistance to confirm the next leg up. As #Bitcoin nears the $100k milestone, infrastructure plays like ACH often see aggressive "catch-up" rallies.
✍️ Written by: Nabiha Noor
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