$ACT Next target analysis:
I am seeing potential bullish momentum for ACT/USDT based on recent price movements. The current chart shows a significant upward trend, with the price having recently spiked. Analysts are watching a key resistance level around $0.95, which, if breached, could indicate further gains. However, there is strong support around the $0.66 level, suggesting a fallback point if the upward momentum stalls.
Key technical indicators show a mixed sentiment:
1. EMA (Exponential Moving Average): The 7-period EMA is below the current price, suggesting short-term bullishness.
2. RSI (Relative Strength Index): At around 67, the RSI indicates a relatively neutral condition, implying the market isn’t overbought yet, which leaves room for further upward movement.
3. Stochastic RSI: A lower value signals potential oversold conditions, hinting at a possible bounce-back in price.
The next immediate target for ACT could be testing its recent high, with an eye on breaking above the $0.95 resistance. If it fails to break through, a pullback to the support levels around $0.66-$0.70 could be expected.
Keep monitoring volume trends and market sentiment as they could play a crucial role in determining the next move.