Alchemy Price Prediction 2021 — Will ACOIN Hit New ATH Soon?

Alchemy Price Prediction 2021 — Will ACOIN Hit New ATH Soon?
  • Bullish ACOIN price prediction ranges from $3.7 to $5.16.
  • ACOIN price may also reach $10.
  • Bearish ACOIN price prediction for 2021 is $0.31.

This ACOIN Price Prediction 2021 article is based on technical analysis alone. In this article, you can see the key measures that were taken into consideration upon coming up with our ACOIN price analysis and prediction.

Alchemy is a decentralized data model training platform based on blockchain security encryption operation and a random forest training model. For interested crypto traders, the crypto trades at KuCoin exchange.

Moreover, with these recent developments, ACOIN is a good investment in 2021? Let’s find out in this ACOIN price analysis 2021 article.

Alchemy (ACOIN) Price Analysis

Currently, ACOIN holds the 2475th place on CoinGecko. But will the recent changes in the blockchain and its governance help catapult the price to reach higher? Let’s proceed to the charts in this ACOIN price prediction article.

ACOIN/USDT Price Chart Showing Symmetrical Pattern (Source: TradingView)

In the daily time frame chart above, we can see the Symmetrical Triangle pattern. This pattern indicates a period of consolidation that may push to a price breakout or breakdown. A breakdown from the lower trendline represents the starting of a new bearish trend. In contrast, a breakout from the upper trendline indicates the start of a new bullish trend.

ACOIN/USDT RSI (Source: TradingView)

Meanwhile, the relative strength index (RSI) of the ACOIN is already at its overbought state. For this reason, traders must be careful because ACOIN might trigger a price reversal any time, as shown in this price prediction.

According to CoinGecko, the  ACOIN  price is $2.24, at the time of writing. Furthermore,  ACOIN has an average daily trading volume of over $9,488,390.

ACOINUSDT Price Chart (Source: TradingView)
  • Resistance Level 1 – $3.7
  • Resistance Level 2 – $5.16
  • Support Level 1 – $0.92
  • Support Level 2 – $0.31

The above chart shows the impressive performance of  ACOIN in the last few days. ACOIN  is showing a bullish trend. However, if the trend continues, ACOIN will run along with the bulls, overtaking the resistance level at $3.7 and climb higher to $5.16.

In contrast, if the crypto investors turn against the cryptocurrency, the bears might take over. More so, the  ACOIN  price might plummet to almost $0.31, a bearish signal. Even more, it may even reach $10 if investors have decided that ACOIN is a good investment in 2021.

Furthermore, the project seems promising. Moreover, it has high goals, clear ideas, and a use case that target a broad market. Along with increasing adoption, positive price predictions, and a community consists of thousands of retailers, ACOIN is likely a promising investment for 2021.

Disclaimer: The opinion expressed in this chart solely the authors. It is not interpreted as investment advice.

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Cryptocurrency and blockchain tech interest has enticed Carolyna to write for NewsCrypto. She made her personal mission to help non-crypto geeks to understand the technology with ease.