Alchemy Pay Surges 28% Amid Global Expansion: Will ACH Rally Continue?

Alchemy Pay’s native token, ACH, has surged over 28% in the past 24 hours, hitting $0.02747 as of 15 April. The rally comes on the back of major regulatory milestones, a wave of global expansion, and key partnerships aimed at enhancing Alchemy Pay’s presence in the fiat-to-crypto payment space.

Chart signals suggest bullish momentum, but resistance looms

ACH recently broke out of a tight consolidation phase, reaching a local high near $0.0293 before experiencing a modest pullback. This move followed weeks of suppressed volatility, signaling renewed interest in the token.

The Relative Strength Index (RSI) currently sits at 61.57, showing bullish momentum without entering overbought territory. This suggests that further upside is possible, though the steep rally may tempt some traders to lock in short-term profits.

Meanwhile, the Accumulation/Distribution (A/D) indicator has ticked upward to -23.74B, signaling renewed buying activity after months of bearish divergence. Should bulls clear the $0.0293 resistance, the next psychological target could be $0.03. On the downside, $0.0262 serves as immediate support, followed by a stronger zone near $0.0235.

Why is ACH rising?

Global expansion and regulatory milestones

A key driver behind ACH’s recent performance is Alchemy Pay’s continued efforts to expand its regulatory footprint.

Recently, the company secured its ninth U.S. Money Transmitter License (MTL) in Arizona, enabling it to offer regulated crypto transaction services in the state.

This addition complements its existing licenses across eight other US states, including Minnesota, Oklahoma, Oregon, and Wyoming, underscoring its commitment to compliance and secure operations in the American market.

Internationally, Alchemy Pay has achieved registration with the Australian Transaction Reports and Analysis Centre (AUSTRAC) as a Digital Currency Exchange Provider.

Strategic partnerships fueling adoption

Beyond regulatory achievements, Alchemy Pay also recently announced a strategic partnership with Ethena, an Ethereum-based synthetic dollar protocol.

This collaboration integrates Alchemy Pay’s ramp solution into Ethena’s ecosystem, enabling users in over 173 countries to purchase Ethena’s $USDe and $ENA tokens seamlessly using more than 50 fiat currencies through various payment methods, including Visa, Mastercard, and mobile wallets.

Will ACH keep rising?

ACH’s bullish momentum is now a mix of growing adoption, regulatory momentum, and broader market tailwinds.

Adoption is accelerating in key regions like Asia and Latin America, where demand for seamless fiat-to-crypto payment solutions continues to rise. Meanwhile, regulatory licensing, particularly in the US and Australia, adds credibility and trust to Alchemy Pay’s offerings.

At the same time, improved sentiment in the wider crypto market is fueling renewed interest in infrastructure tokens like ACH, especially as on-ramp solutions become more critical to ecosystem growth.

Still, caution is warranted. Past ACH rallies, such as the January peak, have been followed by sharp corrections. But this time, stronger fundamentals and clearer regulatory positioning may offer a more sustainable path forward.

The rally could have more room to run if Alchemy Pay can continue building traction in underserved markets and avoid broader macro headwinds. Key resistance levels lie between $0.03 and $0.032, and investors should watch for signs of volume divergence or exhaustion.

For now, sentiment remains bullish, albeit with a note of caution. As always in crypto, parabolic moves rarely last, but when backed by fundamentals, they may lead to more than just a flash-in-the-pan pump.