Market Shocker: $ACT Short Liquidation Hits $1.284K at $0.3207.

The crypto market just witnessed a high-voltage move! Traders holding short positions in $ACT faced a liquidation storm as the price surged, touching $0.32482, resulting in a $1,284 short liquidation.

What’s Happening.

Price Breakthrough: $ACT broke through resistance, triggering a cascade of liquidations.

Short Squeeze Alert: The sudden price surge caught bears off guard, forcing them to close positions.

Volume Spike: This move indicates rising trading activity and potential market momentum.

Key Levels to Watch:

Support: $0.30 - A potential buy zone if prices retrace.

Resistance: $0.35 - Watch for a breakout above this level for further upward momentum.

What’s Next.

Bulls seem to be gaining strength. If the price consolidates above $0.32, we could see further upward pressure, potentially testing $0.35 and beyond. However, if selling pressure reappears, $0.30 might act as a critical support level.

Trading Tip: Always set stop-loss levels and keep an eye on market sentiment to avoid unexpected liquidations.

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