The price movements of altcoins are closely linked to the fluctuations of Bitcoin, showing rapid rotation characteristics.

Today, the two newly launched tokens ACT and PNUT on the Binance platform shine like twin stars, ushering in a considerable rebound. It is currently the night time period in the United States, and there has been no explosive growth in trading volume during this rebound. Therefore, the sustainability of the subsequent rebound deserves in-depth observation and study.

From a technical analysis perspective, both tokens have shown initial signs of bottoming based on the structure of the 4-hour candlestick chart. Among them, the key upper pressure level of ACT is at 0.49, while the key upper pressure level of PNUT is 1.3. For the rebound market to further evolve into a reversal market, its trading volume must be significantly enlarged to successfully break through these key pressure levels.

It is important to note that simple analogies between ACT and PNUT and PEPE must not be drawn as they operate in very different market cycles. PEPE first gradually developed and expanded on the blockchain network, and then went online on the Binance platform in May 2023, completing its last strong rise. Then it encountered a wave of large-scale adjustments in the entire market, so it has been It will remain in a state of adjustment until 2024 before it erupts again.

However, ACT and PNUT are "new assets on the chain" that have only emerged in the initial stage of this bull market. The market is currently in an upward trend, the leading indicators of Bitcoin have just begun to adjust downward, and the altcoin market season has begun. critical period. According to the market rules and trading logic of "speculating on the new, not the old" that the currency circle has always followed, the possibility of these two tokens becoming the core main line of the market is very high.

After all, as the main line market, it usually does not end quickly after just one round of rise. This is the core underlying logic of trading ACT and PNUT. #币安BNSOL质押PYTH #山寨币走势展望 #市场波动，加仓还是观望？

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