$ACT Long Liquidation: $1.7675K at $0.4639
$ACT/USDT is facing a sharp decline, dropping -7.1% to $0.4310, triggering a long liquidation of $1.7675K at $0.4639. Bulls who were riding the recent uptrend are now being squeezed as the price rapidly reverses, wiping out long positions that were expecting further gains. After briefly peaking at $0.4750, the market encountered strong resistance, leading to this sudden downturn.
With liquidations piling up, the bears are gaining control, and $ACT could be heading toward the next support level at $0.4200. If that fails to hold, we may see further declines to $0.4000.
The volatility is spiking, and momentum is shifting in favor of the bears. Will the bulls regain control, or is the bearish trend set to continue?