$ACT /USDT: Significant Pullback Amid Heavy Selling Pressure

Current Price: $0.3196 (-22.07%)

The $ACT /USDT trading pair has witnessed a sharp correction, falling drastically from a 24-hour high of $0.4214 to a low of $0.3169, as bearish sentiment takes over.

Key Levels to Watch:

Immediate Resistance: $0.3300

Support Zone: $0.3169 (24-hour low)

24-Hour Range: $0.3169 - $0.4214

Market Overview:

Trading volume stands at $192.08M, indicating heightened activity during this decline.

Sellers maintain control, pushing the price to test critical support levels.

Trading Strategies:

1. For Buyers: Wait for consolidation above $0.3300 for a potential rebound to $0.3500.

2. For Sellers: Watch for a breakdown below $0.3169, which could open the door for further downside towards $0.3000.

Observation:

ACT is experiencing extreme volatility, with bearish dominance visible. It's crucial to monitor the price action near the support zone for clearer market direction.

#ACT #CryptoUpdate #Binance #Write2Earn! #OnChainLendingSurge