Act short-term fierce battle, the timing of the outbreak is approaching!

Current price: $0.4480

Market analysis:

The current price of Act is $0.4480, experiencing a slight fluctuation in the past 24 hours, with a maximum of $0.4500 and a minimum drop to $0.4400. Market sentiment is relatively cautious, but with the increasing heat in the AI field, Act's value is expected to welcome a wave of explosive growth. Currently, the price is stable above the key support level of $0.4400, and there may be risks of rising or retracing again in the short term.

From a technical perspective, Act's relative strength index (RSI) is close to 50, indicating that the market is not significantly biased towards buyers or sellers. A breakout or retracement in the short term will determine the subsequent trend. If the price breaks above $0.4500, a new rise may be welcomed, while if it falls below the support level of $0.4400, it may drop again.

Long strategy:

Target: $0.4550 - $0.4600

Stop loss: $0.4400

If Act breaks $0.4500 and the price stabilizes in that area, the long signal will be further confirmed. At this time, the target can be seen in the range of $0.4550 to $0.4600. The potential for further upward movement after the breakout is significant, but caution should be exercised regarding price retracement. If it falls below the $0.4400 support, timely stop loss is required.

Strategy details:

Entry point: Enter long when the price breaks $0.4500 and stabilizes. Stop loss setting: If the price falls below $0.4400, then stop loss. Target: $0.4550 to $0.4600.

Short strategy:

Target: $0.4400 - $0.4350

Stop loss: $0.4550

If the price fails to break $0.4500 and reverses downward, a short position can be considered. The entry point is in the range of $0.4450 to $0.4500, with the target being in the range of $0.4400 to $0.4350. If the price breaks $0.4550, timely stop loss is required.

Strategy details:

Entry point: Short when the price falls to $0.4450 to $0.4500. Stop loss setting: If the price breaks $0.4550, then stop loss. Target: $0.4400 to $0.4350.

Based on the current market trend, Act has a good chance of breaking the resistance level of $0.4500 and testing the area of $0.4550 to $0.4600 upwards. As the application of AI technology continues to expand, the appeal of this token will gradually increase, potentially attracting more investor attention.