The trading chart for $ACT ACT/USDT indicates the following:

Key Observations:

1. Price: $0.2958

24h Change: -10.12%

2. Support Zone: Immediate support is observed near $0.2823. If this level is breached, a further drop may occur toward $0.2750.

3. Resistance Levels:

Immediate resistance at $0.3076 (EMA 25).

Further resistance at $0.3351 (EMA 99).

Trading Strategy:

For Buyers: Wait for confirmation of reversal above $0.3076 before entering. Breakout above $0.3351 could indicate bullish momentum.

For Sellers: Current trend remains bearish, providing opportunities for short positions if $0.2823 is broken.

Indicators:

Exponential Moving Averages (EMA):

EMA (7): $0.2936 (near current price).

EMA (25): $0.3076 (short-term resistance).

EMA (99): $0.3351 (long-term resistance).

Sentiment:

Market sentiment for ACT remains bearish. Volume activity shows signs of selling pressure, aligning with the current downtrend.

Note: Keep a close watch on volume and price action near $0.2823 for potential breakdown or reversal.

#USJoblessClaimsDrop #AIMarketCapDip #OnChainLendingSurge #BNBBhutanReserves