📊 $ACT /USDT Technical Analysis | Current Price: $0.4944 🔻
$ACT is under strong selling pressure, dropping -8.55% today. Price action indicates a downtrend with crucial support levels being tested and resistance levels to watch for a potential recovery.
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Key Observations 🔍
24h High: $0.5499 – Key resistance where the price faced rejection.
24h Low: $0.4927 – Immediate support; a break below could trigger further downside.
Trend: Bearish short-term, with a decline of -7.15% today and significant loss over the past 7 days (-17.72%).
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Targets to Watch 🎯
1️⃣ Target 1: $0.5050
A minor rebound could push ACT toward $0.5050, the first key level for short-term recovery.
2️⃣ Target 2: $0.5200
If bullish momentum builds, the price may test $0.5200, aligning with previous consolidation resistance.
3️⃣ Target 3: $0.5400
A strong recovery can drive ACT toward $0.5400, a significant resistance zone before attempting the 24h high.
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Technical Outlook 📉
Short-Term Bias: Bearish unless ACT reclaims $0.5050 with volume support.
Support Levels: Immediate support lies at $0.4927; failure to hold this level could lead to a drop to $0.4900 or lower.
Breakout Signal: A move above $0.5200 is necessary to indicate a potential reversal.
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Conclusion 💡
ACT/USDT remains under bearish pressure, with upside targets at $0.5050, $0.5200, and $0.5400. Traders should watch for stability at $0.4927 for any signs of a recovery.
🚨 Can ACT rebound, or will sellers continue to dominate? Keep a close watch on support and resistance levels!
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