The popularity of ACT is still very high. Let's analyze the current trend. Since the decline starting on November 15, the bottom of the $ACT drop and the peak of the rebound have been decreasing, showing an overall downward trend. From November 21 to 27, ACT experienced a bottom divergence on the 4-hour RSI indicator for three consecutive days, indicating that ACT has issued a clear oversold signal. During this period, the trading volume at the bottom has been decreasing, meaning the selling pressure is weakening.
Last night's bottom was significantly higher than the 26th, indicating that $ACT has begun to show signs of a bottom reversal, but it is still not clear enough. If it can effectively break through the resistance level of 0.5, then the bottom reversal signal will be clearer.
Today's performance of ACT has once again attracted everyone's attention. The daily increase exceeded 50%, currently hovering around $0.62. Perhaps it is a pump by the whales, and those who want to enter can choose to do so with a light position. If it cannot break through 0.7, it may be wise to exit!