Alchemy Pay (ACH) price increased over 98% in a day and stays ultra bullish. 

Alchemy Pay is a blockchain-based project. The team of seasoned payments professionals in the traditional finance space found this project in order to tackle the inefficiencies of the traditional payment environment.  This adds fraud and human errors in the case of reconciliation and settlement phases and also a cluttered payment solution. 

According to CoinMarketCap, the ACH is trading at $0.0215 with a 24-hour trading volume of $210,092,381, at the time of writing.

The above chart shows the rising wedge pattern, which is a bearish pattern that starts wide at the bottom and contracts as prices move higher and the trading range narrows. Moreover, a rising wedge pattern can be one of the hardest patterns to recognize and trade.

Quick Background on Alchemy (ACH)

Alchemy is an all-in-one fiat-crypto payment platform for business that could be deployed in any existing mainstream platform. However, it may be online, offline, or in-app that accept payments through fiat mobile wallets, cryptos, and credit cards. The hybrid platform leverages smart contracts in order to automate reconciliation and settlement methods to minimize human errors and eradicate fraud. 

More so, through strategic collaboration with industry leaders like Shopify, Arcadier, and QFPay Alchemy. It has access to more than 2 million merchants and deployed its system over 3,000 touchpoints which include renowned brands.

All-in-all, with the developments and upgrades which are going to happen, ACH can push its price to move higher and reach new heights. 

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