Crypto Price Predictions: Liquity, Alchemy Pay (ACH), Arbitrum, Neo

Cryptocurrencies had a strong performance this week as Bitcoin finally made a strong bullish breakout. At its peak, Bitcoin price surged to over $35,000 for the first time since May this year. In all, the total market cap of all cryptocurrencies jumped to over $1.2 trillion. This article will provide predictions for cryptocurrencies like Liquity (LQTY), Alchemy Pay (ACH), Arbitrum (ARB), and Neo.

Neo price prediction

Neo was one of the best-performing cryptocurrencies this week. In addition to the Bitcoin bull run, the coin soared after the developers launched a plan to launch an Ethereum Virtual Machine (EVM) sidechain in its ecosystem. The sidechain will include robust features to boost transaction speeds and reduce costs,

New price soared to a high of $8,44, the highest level since August 15th. At its peak this week, the token was up by more than 29% from the lowest point this year. The 50-day and 25-day moving averages have made a bullish crossover. However, this rally has not been supported by adequate volume.

Therefore, I suspect that Neo price will pull back in the coming days as the sidechain launch excitement fades. If this happens, the token will likely retest the key support at $8.0.

Liquity price forecast

Liquity price has made a strong rebound in the past few weeks. This rally happened as demand for its lending solutions rose despite the crypto winter. For starters, Liquity operates a platform that enables people to borrow its stablecoin after depositing Ethereum.

LQTY’s rally accelerated as other cryptocurrencies jumped. This rally saw it reach a high of $2.38, the highest level since April 19th. At its peak, Liquity was up by more than 237% from the lowest level this week.

LQTY has retested the key support at $1.8843, the highest swing in July. It remains above the 50-day and 25-day moving averages. However, the token has formed a big doji pattern, pointing to a potential reversal in the coming days.

Alchemy Pay price prediction

Alchemy Pay (ACH) is a leading player in the blockchain industry. It is a payment platform that enables companies to accept cryptocurrencies in their ecosystem. ACH price crashed and formed a double-bottom pattern at $0.01280 between September and October. In price action analysis, this pattern is one of the most bullish ones in the market.

Alchemy Pay is now trading at the neckline of the double-bottom pattern at $0.016. It has also risen above the 50-day and 25-day moving averages. Therefore, the outlook for the coin is bullish since it is in the accumulation phase of the Wyckoff Model.

Arbitrum price forecast

Arbitrum, the fast-growing layer-2 network, was also in the spotlight this week. The ARB token surged to $0.98 as the crypto rally intensified. This price was over 30% from its lowest level this week.

Arbitrum soared after the developers announced that Orbit for layer 3 networks was ready for mainnet. Orbit is a new platform that lets developers build their dedicated chains that settle on Arbitrum’s chain.

The daily chart shows that the ARB token has formed what looks like a double-top pattern, which is usually a bearish sign. Therefore, the outlook for Arbitrum is bearish unless bulls manage to push it above the double-top level of $0.98.