- Alchemy Pay price has been in a strong bullish trend in the past few weeks.
- It jumped after Visa listed it as a payment partner.
- Jasmy has soared by more than 91% from its lowest point this year.
Alchemy Pay (ACH) and Jasmy crypto prices have jumped in the past few days as demand for most altcoins rise. Jasmy, popularly known as Japan’s Bitcoin, surged to a high of $0.0056, the highest level since November 6. It has soared by more than 91% from the lowest point in December. ACH, on the other hand, surged to a high of $0.015, the highest point since October 25.
Alchemy Pay (ACH) price prediction
ACH price made a bullish breakout as investors reacted to several important new from the ecosystem. In a statement on Monday, Visa added the payment platform as one of the payment providers. This is a sign for validation because of the scale of Visa’s network globally.
Alchemy, which is backed by Andressen Horowitz, has also made several announcements lately. Some of the most notable ones are by Wonderland, CoinTR, and USM Virtual World among others. Alchemy is also used widely by some of the leading companies in e-commerce like Shopify, Ox, Kyber Network, Aldo, and Cryptokitties.
Turning to the daily chart, we see that the ACH crypto price has been in a slow bullish trend in the past few weeks. The rebound then got supercharged on Tuesday after the Visa announcement. As it rose, it moved above the important resistance level at $0.012, the highest point on October 17.
Alchemy Pay also moved above the 25-day and 50-day moving averages. Therefore, I suspect that the coin will continue rising in the coming days. More upside will be confirmed if the coin moves above the key resistance at $0.015, the highest point this week. However, a drop below the support at $0.010 will invalidate the bullish view.
Jasmy price prediction
I wrote about the spectacular performance of Jasmy a month ago in this article. The coin has maintained this uptrend and jumped by more than 91% from the lowest level on December 30. As Jasmy rose, the 25-day and 50-day moving averages have made a bullish crossover. This is usually a positive sign for the price.
Jasmy also moved above the important resistance point at $0.0048, the highest point on December 2. Oscillators like the Relative Strength Index (RSI) and the Commodity Channel Index (CCI) have also continued rising. The price is also above the Ichimoku cloud.
Therefore, Jasmy will likely continue rising as buyers target the next key resistance level of $0.006. A drop below the support at $0.0048 will invalidate the bullish view.
Contributors
