technical analysis and trade signal for $ACT /USDT:💥🔥🚀🚀🚀🚀

Current Price: $0.5183

24h High: $0.5499

24h Low: $0.5001

Support and Resistance Levels:

Support: $0.5001 (24h Low) - This level has proven to be a strong point of support.

Resistance: $0.5499 (24h High) - A key resistance level; price may face difficulty breaking above this.

Indicators:

RSI (Relative Strength Index): Below 30 (indicating potential oversold conditions, which could signal a bounce or reversal soon).

MACD: Bearish crossover suggests that selling pressure might continue in the short term.

Moving Averages: Price is currently below key moving averages, indicating a downtrend.

Price Action:

Recent price movement shows a declining trend, with a sharp dip in the last few hours.

The market is currently under a bearish momentum, but the low RSI suggests potential for a reversal if support holds.

---

Trade Signal and Targets:

Entry Point: Around $0.5050–$0.5100 (a close to the 24h Low support level, expecting a potential bounce from here).

Target Levels (3 Levels):

1. Target 1: $0.5300 (First resistance zone)

2. Target 2: $0.5400 (Near 24h High resistance)

3. Target 3: $0.5500 (Breakout above 24h High for further upside momentum)

Stop Loss: $0.4950 (just below the 24h Low support)

Trade Momentum:

Short-Term Momentum: Bearish, but there are signs of a potential reversal as price approaches key support.

Medium-Term Momentum: Neutral to slightly bearish; watch for a breakout or rejection at the $0.5400 resistance.

Long-Term Momentum: Caution, as long-term moving averages suggest a potential downtrend if resistance levels continue to hold.

#MarketNewHype #MicroStrategyJoinsNasdaq100 #BTCNewATH #ETHHits4KAgain