$ACT Potential Scenarios
Short-Term Trend: Bullish – The price has been forming higher highs and higher lows.
Medium-Term Trend: Bullish – The price remains above the 25-day MA, reinforcing positive sentiment.
Long-Term Trend: Bullish – The 99-day MA is significantly below the current price.
Bullish Scenario: If the price breaks above $0.6488 with strong volume, the next target could be $0.70 or higher.
Bearish Scenario: A failure to hold above $0.5817 could lead to a pullback toward $0.55 or the 25-day MA at $0.6067.
Support and Resistance Levels
Immediate Support: $0.5817 – This level aligns with a previous consolidation zone and the 7-day moving average.
Key Resistance: $0.6488 – This is the 24-hour high, and breaking this level could lead to further upside.
Secondary Resistance: $0.70 – A psychological level that could act as the next target for bulls.
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