$ACT Shorts Under Fire!
A notable $8.48K short position on $ACT was liquidated at $0.35367, highlighting intensified bullish pressure. This liquidation signals that buyers are regaining control, pushing prices higher and squeezing shorts out of their positions.
Key Insights:
Bullish Breakout: The short liquidation reflects growing upward momentum, indicating potential for further price increases.
Upside Potential: Sustained buying pressure could drive $ACT to test higher resistance levels.
ACT Technical Snapshot:
Resistance Level: $0.3650
Support Zone: $0.3450
Momentum: Bullish, with strength likely to continue if buying interest persists
Will act capitalize on this momentum to break resistance, or will the rally face exhaustion? Monitor trading volume closely to anticipate the next move!