In recent days, Alchemy Pay’s native token, ACH, has captured market attention with a sustained price rally. After climbing for three consecutive days, ACH reached a high of $0.03585 on Tuesday—its strongest level since February 6. This marks a notable gain of over 45% from its monthly low, signaling renewed investor confidence and market momentum.
The surge wasn’t isolated—it was accompanied by a significant spike in trading activity across both spot and futures markets. According to CoinMarketCap, ACH’s 24-hour trading volume surged by 92%, nearing $300 million. Much of this volume was concentrated on major centralized exchanges such as Binance, Bybit, and Coinbase, indicating broad-based participation from retail and institutional traders alike.
Rising Futures Open Interest Signals Strong Market Sentiment
A key indicator behind the rally is the sharp increase in futures open interest. Data from CoinGlass reveals that open interest for ACH futures jumped to $60 million—the highest level since February 2. This metric reflects the total number of outstanding futures contracts not yet settled, and its rise often signals growing market conviction.
When open interest expands alongside price gains, it typically suggests new money is entering the market rather than traders simply closing positions. With most of this activity centered on Binance and Bybit, two of the largest crypto derivatives platforms, the uptick underscores strong speculative and directional interest in ACH.
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No Major News—But Anticipation Builds Around Consensus Hong Kong
Interestingly, there hasn’t been any immediate company-specific announcement directly triggering this rally. However, one likely catalyst is Alchemy Pay’s participation in Consensus Hong Kong, a premier blockchain and cryptocurrency industry event that brings together leading innovators, investors, and regulators.
Market participants may be speculating on potential partnerships, product launches, or ecosystem expansions that could be unveiled during or after the conference. Such events often serve as springboards for strategic announcements, making them focal points for investor positioning ahead of time.
This speculative buildup can drive buying pressure even in the absence of concrete news—especially for projects with established credibility and real-world use cases like Alchemy Pay.
Alchemy Pay: Bridging Crypto and Traditional Finance
At its core, Alchemy Pay has positioned itself as a critical bridge between digital assets and traditional financial systems. The platform offers seamless on-ramps and off-ramps, enabling users to convert fiat currency into crypto and vice versa with ease. Beyond basic transactions, it supports NFT checkouts, merchant payment processing, and cross-border settlements.
One of its most ambitious developments is Alchemy Chain, a Layer 1 blockchain purpose-built for the payments sector. Designed for speed, scalability, and compliance, Alchemy Chain aims to support high-throughput financial transactions while integrating with existing banking infrastructure.
The company has also forged strategic alliances with major financial institutions, including Visa, Mastercard, Apple Pay, and global payment processor Nuvei. These partnerships validate Alchemy Pay’s role in mainstream finance and enhance trust among users and investors.
Recent Milestones Boosting Confidence
In the past few weeks alone, Alchemy Pay has achieved several regulatory and technical milestones:
- Received approval as a digital currency exchange provider in Australia, strengthening its compliance footprint in key international markets.
- Integrated the MOVE token into its fiat deposit solution, expanding user access to emerging blockchain ecosystems through familiar payment rails.
These developments reinforce Alchemy Pay’s reputation as a regulated, innovation-driven player in the crypto payments space—factors that likely contributed to renewed investor interest.
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ACH Price Analysis: Technical Indicators Point Upward
From a technical standpoint, ACH’s recent rebound shows strong momentum. On the daily chart, price action bottomed near the 200-day Exponential Moving Average (EMA) at $0.02590 before reversing sharply upward. Since then, ACH has reclaimed the 50-day EMA, a bullish sign indicating short-term trend reversal.
Currently, the token is testing a critical resistance zone at $0.0366**. A decisive breakout above this level could open the path toward **$0.040, which represents both a psychological round number and a prior swing high from December. Additionally, this level aligns with the upper boundary of the Murrey Math Lines trading range, adding confluence to its significance.
Volume trends support this bullish outlook—trading activity continues to expand alongside price gains, suggesting organic demand rather than short-term pump dynamics.
However, traders should remain cautious. Without a major announcement emerging from Consensus Hong Kong, the rally could lose steam. A failure to break $0.0366 might lead to profit-taking and a pullback toward support levels near $0.028–$0.030.
Frequently Asked Questions (FAQ)
Q: What is driving the recent rise in ACH price?
A: The surge is primarily fueled by increased trading volume, rising futures open interest, and market anticipation around Alchemy Pay’s participation in Consensus Hong Kong.
Q: Is Alchemy Pay a legitimate crypto payment solution?
A: Yes. Alchemy Pay is a regulated provider with partnerships including Visa, Mastercard, and Nuvei. It operates in multiple jurisdictions and recently gained licensing approval in Australia.
Q: What are Alchemy Pay’s key products?
A: The platform offers crypto-fiat on/off-ramps, NFT checkout solutions, merchant payment processing, and Alchemy Chain—a Layer 1 blockchain tailored for payments.
Q: Can ACH reach $0.040?
A: Technically, yes. With momentum building and volume increasing, a move toward $0.040 is possible if ACH breaks above $0.0366 resistance and maintains bullish follow-through.
Q: Where is ACH primarily traded?
A: Major exchanges include Binance, Bybit, and Coinbase—platforms that account for the majority of its spot and futures volume.
Q: Does Alchemy Pay have real-world adoption?
A: Absolutely. Its integration with global payment networks and merchant services enables widespread use for everyday transactions and cross-border payments.
Final Outlook: Momentum Meets Fundamentals
The current rally in ACH reflects more than just short-term speculation—it highlights growing recognition of Alchemy Pay’s role in bridging traditional finance with the digital asset economy. With solid infrastructure, regulatory progress, and active ecosystem development, the project is well-positioned for long-term growth.
While near-term price action will depend on breakout success at key resistance levels and event-driven catalysts like Consensus Hong Kong, the underlying fundamentals remain strong.
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As adoption of crypto payments expands globally, projects like Alchemy Pay stand at the forefront of financial innovation—making ACH one to watch in 2025 and beyond.