Cryptocurrency prices were relatively mixed on Monday as focus shifted to the upcoming Federal Reserve minutes and the debt limit issue. Bitcoin dropped below $27,000 while Ethereum was trading at $1,813. This coin price prediction will look at what to expect in Alchemy Pay (ACH), SUI, and Render Token (RNDR).
Alchemy Pay price prediction
Alchemy Pay is a company that is providing payment solutions in the blockchain industry. ACH, its native token, has jumped by more than 275% from the lowest level in December, making it one of the best-performing tokens om the industry.
It has lost momentum recently after it formed a triple-top pattern at $0.045 whose neckline was at $0.022. In price action analysis, this pattern is usually one of the most accurate bearish signs. It has also moved below the 25-day and 50-day exponential moving averages, signaling that bears are in control.
Therefore, despite the recent rebound, I suspect that the ACH price will have a bearish breakout in the coming days. This view will be confirmed if it moves below the important support at $0.0222. If this happens, Alchemy Pay will have a bearish breakout to the next support at $0.1700.
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Render Token price prediction
Render Token has been in a strong bullish trend in the past few months. Together with Alchemy, it is one of the top-performing cryptocurrencies in the world this year. The token jumped above the key resistance point at $2.2052, the highest point on February 7. This means it is invalidating the double-top pattern.
RNDR price has moved above the 25-day and 50-day exponential moving averages and the 61.8% Fibonacci Retraacement. The Relative Strength Index is approaching the overbought level. Therefore, while…
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