$ACT Struggling Below Key Resistance

Current Price: $0.4920 (+3.82%)

24H High: $0.5600

24H Low: $0.4671

Analysis:

ACT has experienced a pullback after hitting a local high of $0.5600. The price is now consolidating near the MA(7) at $0.4975, with the MA(25) at $0.5038 acting as immediate resistance. A breakout above these moving averages could spark renewed buying interest. However, the MA(99) at $0.5461 remains a major hurdle for bulls.

Key Levels:

• Support: $0.4671 (24H low), $0.4401 (recent swing low)

• Resistance: $0.5038 (MA25), $0.5461 (MA99)

Insights:

The volume has declined post-rejection at $0.5600, signaling fading momentum. A failure to reclaim $0.5038 could lead to further consolidation or a retest of lower support levels.

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