$ACX

/USDT Technical Analysis Summary:🔥💯

Current Price: $0.5496

24h High: $0.6050

24h Low: $0.5484

24h Change: -3.58%

Volume: 18.91M (ACX), 10.87M (USDT)

Key Indicators:

Moving Averages (MA): Short-term trend is neutral, but slight bearish momentum.

Exponential Moving Average (EMA): Currently below EMA levels, indicating short-term selling pressure.

Bollinger Bands (BOLL): Price approaching lower band, suggesting potential support at $0.5484.

Parabolic SAR: Bearish, suggesting a downward trend.

MACD: Recent bearish crossover, supporting downward pressure.

Trade Signal & Momentum:

Momentum: Bearish short-term; sentiment is negative based on price action and technical indicators.

Trade Strategy:

Entry Price: $0.5496

Target Levels:

1. Target 1: $0.5450 (First level of support)

2. Target 2: $0.5300 (Further support, potential reversal point)

3. Target 3: $0.5150 (Extended downside potential)

Stop-Loss: $0.5600 (Above recent resistance levels)

Conclusion: Short-term bearish momentum indicates lower price potential, with recommended targets at $0.5450, $0.5300, and $0.5150. Monitor for potential trend reversal signals.

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