The Alchemix (ALCX) currency has recently begun to show signs of recovery after a long period of trading at low levels. The current price around $7.18 places the currency in an important area technically.$ALCX
Factors that may drive it to $10
1️⃣ Breaking the main resistance
The most important resistance area currently lies between $7.5 and $8. If the price can surpass this area with strong trading volume, a new upward trend may begin.
2️⃣ Small market capitalization
The project's market capitalization is still relatively low compared to other DeFi projects, so the coin could move quickly when new liquidity enters.
3️⃣ Return of interest in the DeFi sector
Any upward wave in the decentralized finance sector could push smaller coins like ALCX to achieve strong increases.
The potential upward scenario
If a clear breakout occurs:
8 dollars → The first strong upward signal
9 dollars → Psychological resistance
10 dollars → Potential target if momentum continues
Negative scenario
If the price fails to hold above 7 dollars, it may return to test:
6.8 dollars
6.2 dollars
Summary
Reaching 10 dollars is not impossible for ALCX, but it needs to break through 8 dollars first with strong trading volume. If that happens, we might witness a rapid upward wave in the coming period.
