CandleFocus ACH spikes as Alchemy Pay unveils plans for a new chain
2024-10-28
Author: Content Editor
Alchemy Pay (ACH) token experienced a significant price increase after the developers announced plans to launch the Alchemy Chain. The token reached its highest level since October 25, rising 20% above last week's low. The Alchemy Chain will be built on the Solana Virtual Machine architecture and aims to process transactions faster, at a lower cost, and in a highly secure environment. It will also feature a meme launchpad to help developers build and launch meme coins. Alchemy Pay joins other players in the industry, such as Coinbase and Uniswap, in launching their own independent chains. The token formed a "God candle" on the daily chart, suggesting a sudden bullish movement in response to the Alchemy Chain announcement. However, a pullback could occur in the coming days, with potential support at $0.01900 and resistance at $0.02 indicating further gains.
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