$ACT



Technical Indicators

  1. Moving Average (MA 200, SMA, 9):

    • The price is slightly above the 200 MA at 0.4550, signaling a potential bullish reversal after a prolonged downtrend.

    • The MA now acts as a dynamic support level, providing a foundation for further upward movement.

  2. RSI (14, SMA):

    • The RSI is at 66.38, nearing overbought levels. This suggests strong bullish momentum but raises caution for potential exhaustion or consolidation.

  3. MACD (12, 26, close, 9):

    • The MACD histogram is positive, with the MACD line (0.0119) above the signal line (0.0084), confirming a bullish bias.

    • Momentum is building, but the histogram shows a slight deceleration, hinting at possible consolidation.

  4. Volume (SMA, 9):

    • Volume has increased during the recent price rise, validating the strength of the recovery.

Chart Observations

  1. Support Zone:

    • Immediate support lies around 0.4550, which aligns with the 200 MA and the breakout zone of the recent uptrend.

    • A deeper pullback could find additional support at 0.4300.

  2. Resistance Zone:

    • The price is testing resistance near 0.5000–0.5100, which aligns with the upper boundary of the downtrend channel.

    • A breakout above this level could lead to a test of the 0.5500 psychological resistance.

  3. Price Pattern:

    • The chart shows a breakout attempt from the descending channel, signaling a potential trend reversal.

    • However, rejection from resistance might lead to a retest of lower support zones.




ACT/USDT is attempting to recover from a prolonged downtrend and is now testing a critical resistance level at 0.5000. A successful breakout could signal further bullish continuation, while rejection may lead to renewed selling pressure. Traders should monitor volume and RSI levels for clues on the sustainability of the current momentum.