Alchemy Pay Surges 3X as Bullish Momentum Targets New Highs

• Alchemy Pay surges nearly 3X, breaking resistance and targeting $0.116087, with a potential 96% gain ahead.
• A strong 503.27% rally confirms bullish momentum, with higher highs signaling a market trend reversal.
• Increased volume and investor interest fuel ACH’s uptrend, with $0.213204 as a potential extended target.

Alchemy Pay (ACH) surges gaining nearly 3X in recent weeks. The token has broken key resistance levels and continues its bullish momentum. Currently trading at approximately $0.067, ACH aims for higher resistance targets. The next price level stands at $0.116087, with an extended target of $0.213204. Besides, a further 96% increase could be imminent, reinforcing bullish sentiment.

Breakout and Market Structure Shift

ACH transitioned from a prolonged downtrend into a strong uptrend. The price action initially followed a rounded bottom formation, leading to a breakout. Significantly, a descending wedge pattern formed before the price exploded upward. Consequently, this breakout has pushed ACH into price discovery mode, allowing for continued upward momentum.

Additionally, a major 503.27% rally has already taken place, confirming strong buying pressure. Higher highs and higher lows are now evident, further solidifying the trend reversal. The previous resistance zones have been broken, allowing for sustained bullish activity.

Potential Resistance and Future Projections

ACH now faces two critical resistance levels. The first target at $0.116087 remains the nearest objective for bullish traders. However, if momentum persists, the extended target of $0.213204 could come into play. Moreover, strong investor interest and increased trading volume suggest further upside potential.

Besides, historical patterns indicate a recurring cycle of accumulation, breakout, and continuation. Consequently, if buying pressure remains consistent, ACH could achieve these projected levels. However, a short-term retracement may occur before further upward movement.

Alchemy Pay has demonstrated strong bullish momentum following its breakout. The transition from a long-term downtrend into an uptrend signals renewed investor interest. Besides, a surge of over 500% underscores this shift. Moreover, key resistance levels at $0.116087 and $0.213204 provide potential price objectives. If current trends continue, ACH could reach these targets, confirming a long-term market structure change.