Binance’s involvement sparks speculative trading in ACT and PNUT amid sharp price swings.
ACT stabilizes post-correction, signaling traders await fresh catalysts for next moves.
PNUT sees renewed interest as rising volume hints at a potential bullish breakout.
The memecoin market is, at its core, a hotbed of speculation and rapid price swings. To this mix, tokens ACT and PNUT are showing significant activity, attracting traders. Crypto analyst Tony Research notes Binance’s involvement with these coins, seen in secretive wallet movements and strategic announcements. Both tokens, for the most part, are showing volatile price trends.
ACT: Soaring High and Finding Footing
ACT/SOL’s price chart tells a story of dramatic highs and lows. The token initially jumped upward, propelled by high trading volume and buyer momentum. This rally likely stemmed from news or speculative enthusiasm, creating a wave of investor interest. The price then quickly reversed with a steep decline, pointing to profit-taking or a loss of buyer interest.
ACT entered a consolidation phase after this. The price found stability at a lower level, showing a balance between buyers…
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