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The Alchemy Pay price surged over 25% in the last 24 hours to trade at $0.02715 as of 10:18 p.m. EST as investors go long on the crypto.
The 24-hour gain posted by the ACH price is a continuation of the altcoin’s positive weekly performance. As a result, the crypto is up 39% on the longer-term 7-day time frame.
Alchemy Pay Price Enters A Temporary Consolidation
4-hour chart for ACH/USD (Source: GeckoTerminal)
The Alchemy Pay price is trading between the support at $0.02551 and the resistance at $0.02870 following the recent surge, data from GeckoTerminal shows. This brief pause could be the precursor to another leg up if buyers re-enter the crypto’s charts. Bulls might then try to push the Alchemy Pay price above the $0.02870 barrier to potentially as high as $0.03085.
However, traders choosing to take profit instead could result in a more bearish scenario playing out and cause the Alchemy Pay price to drop to the nearest support at $0.02551. Continued sell pressure should the crypto fall to this point might then lead to ACH falling to as low as $0.02328 in the short term.
Technicals Suggest Bulls Might Push The Alchemy Pay Price Higher Up In The Next 24 Hours
From a technical standpoint, indicators on ACH’s 4-hour chart suggest the altcoin’s price will keep rising in the next few hours. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are showing positive signs.
RSI readings have risen from below 50 to just above 70 in the last couple of hours, coinciding with the crypto’s recent rally. This increase in the RSI signals growing bullish strength.
However, the latest reading above 70 also suggests that ACH is in overbought territory, which is often seen as a sell signal by traders. This might be the case in this instance, as the RSI line has already started to drop.
Despite the drop in the RSI in the last few hours, momentum still favors bulls. This is evident by the MACD line’s positioning above the MACD Signal line. What’s more, the gap between the two technical indicators has grown ever since the two lines crossed in the last 12 hours. Traders might interpret the expanding margin as an indication of growing bullish momentum.
While ACH tries to keep its bullish move alive, investors are also buying into the presale for Best Wallet (BEST).
Popular YouTuber ClayBro, who has over 136K subscribers, says BEST could surge 10X after its launches.
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Best Wallet is a next-generation Web3 wallet that comes with an array of useful features. It provides crypto holders with all of the functionality needed to store, secure, and grow their digital asset holdings all from a single app. Coupled with a user-friendly user interface (UI), it’s no wonder experts are saying it might be the best crypto wallet in the market.
The Best wallet features range from native staking solutions and a decentralized exchange (DEX), to an upcoming Best Card and iGaming perks.
Its standout feature is the “Upcoming Tokens” section, which flags high-potential cryptos that are still in their early stages.
So far, this feature has successfully identified Pepe Unchained (PEPU) and Catslap (SLAP), which have both gone on to deliver massive gains for early investors. Now, the section lists Solaxy (SOLX) and BTC Bull Token (BTCBULL) as some of the next tokens to watch.
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BEST token holders also unlock benefits such as lower transaction fees, higher staking rewards, early access to new projects as well as the ability to participate in Best Wallet’s governance.
Investors Rush To Buy BEST At Presale Prices
Best Wallet’s ongoing presale has already surpassed $11.6 million, signaling strong investor confidence in the project’s future.
This buying frenzy at this early stage will likely continue given the attractive staking opportunity on offer to presale investors. Anyone who purchases and stakes BEST now will gain access to a 130% APY.
To get in on these rewards, investors will first need to get a hold of some BEST tokens. Selling for $0..024725, BEST can be bought via the easy-to-use widget embedded on the project’s website using either crypto or bank card. Alternatively, investors can also buy BEST directly through the app.
After buying some BEST, investors then just need to navigate to the staking page to lock up their tokens and start earning.
Interested investors will want to buy before a presale price hike in around 18 hours to secure the best deal.
Visit the Best Wallet website.
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