Cryptocurrency prices exhibited mixed performance this week as investors analyzed Federal Reserve minutes and Bitcoin's consolidation below $100,000. Despite the crypto fear and greed index dipping into "fear" territory, standout performers included Maker (MKR), Pyth Network (PYTH), and Alchemy Pay (ACH).
Maker (MKR) Price Forecast
Maker’s MKR token surged to $1,400 this week, an 81% rebound from its 2025 low. Key drivers include:
- Whale accumulation and rising network fees.
- Strong ecosystem demand: 613,000+ users and $17B+ Total Value Locked (TVL).
- Technical breakout: Double-bottom pattern with a neckline at $2,427; price above the 50-day MA signals bullish momentum.
👉 Why MKR’s rally could target $2,000 next
Key Levels:
- Resistance: $2,000 (major pivot).
- Support: $1,000 (breach may trigger downside).
Pyth Network (PYTH) Price Prediction
PYTH rallied after Coinbase launched perpetual futures and Grayscale introduced the Pyth Trust for institutional investors.
Technical Outlook:
- Double-bottom pattern with neckline at $0.5540.
- Bearish risks: Inverse cup-and-handle formation and descending flag pattern suggest potential drop to $0.10.
Price Action:
- Upside: $0.50 (if bullish momentum resumes).
- Downside: $0.10 (if bearish patterns prevail).
Alchemy Pay (ACH) Price Analysis
ACH gained traction due to:
- Sponsorship at Hong Kong’s Consensus event.
- Securing an Australian money transfer license.
Technical Highlights:
- Cup-and-handle pattern signals bullish continuation.
- Price above 50-day/100-day MAs; next target: $0.50 (+40% from current levels).
Key Resistance: $0.40 (December 2024 high).
FAQ
1. Why did Maker (MKR) surge this week?
MKR rose due to whale buying, fee growth, and robust ecosystem adoption (613K+ users, $17B TVL).
2. What’s next for Pyth Network (PYTH)?
PYTH could reach $0.50 if bulls break the double-bottom neckline. However, bearish patterns risk a drop to $0.10.
3. Is Alchemy Pay (ACH) a good investment now?
ACH shows bullish technicals (cup-and-handle pattern) and fundamentals (regulatory milestones). Watch the $0.40 resistance.
👉 Explore trending crypto insights
Other Top Performers This Week
- Story (IP)
- Sonic (S)
- Berachain
- Mantra
- Bittensor
- Celestia
Note: Always conduct independent research before investing.
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