How high will the ACT go?
Since November 11, ACT has been in a state of continuous decline, with both the bottom and rebound top gradually falling, and the overall trend is bearish.
However, from November 21st to 27th, ACT showed bottom deviations in the 4-hour RSI three times in a row, showing an oversold signal.
At the same time, the trading volume at the bottom gradually decreases, indicating that the selling power is weakening.
During the recent decline, the bottom was significantly higher than the low on the 26th, suggesting that there may be signs of a bottom reversal.
Regarding the target level of ACT, considering that it is a new currency, it is difficult to predict accurately.
This kind of rapid rise usually knocks out the short liquidity above, and then goes into consolidation.
It is conservatively expected that its price may exceed 2 or above. If the trend is strong, it may reach above 5 under optimistic conditions.
If you are still waiting and watching and cannot see the market trend clearly, you will only fall because you are bullish and rise because you are bearish~
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