The price of Alchemy Pay continues to rise, with a 14% increase in the last 24 hours, confirming the positive trend from the past week.
Overcoming Resistance for Alchemy Pay
The Alchemy Pay price is attempting to break through the resistance level at $0.03855. According to GeckoTerminal data, successfully closing a 4-hour candle above this barrier could lead to a short-term rise to $0.4481. However, failing to break this level might push the price down to the support level at $0.03395, and further to $0.02880.
Technical Indicators and Forecasts
Technical indicators present mixed signals. While Exponential Moving Averages (EMAs) suggest a potential rise in the Alchemy Pay price, the Relative Strength Index (RSI) indicates weakening buyer strength. In the last 48 hours, the 9 EMA crossed over the 20 EMA, marking a potentially positive trend. However, the declining RSI warns of growing seller influence.
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