$ACT

/USDT Technical Analysis & Trade Signals

Current Price: $0.5739

Momentum: Bearish, down 14.01% in 24h

Key Technical Indicators:

1. Resistance Levels:

R1: $0.6273

R2: $0.6845

R3: $0.8098 (24h high)

2. Support Levels:

S1: $0.5661 (24h low)

S2: $0.5500 (psychological support)

3. Moving Averages (MA):

50-MA: Trending below the current price, indicating short-term selling pressure.

200-MA: Lower, signaling a potential for longer-term recovery.

4. Relative Strength Index (RSI):

RSI (14): ~40 (approaching oversold zone, potential reversal if drops further).

5. MACD: Bearish divergence; momentum suggests further downside in the short term.

Trade Signals

Trade Type: Short-Term Swing Trading

1. Buy Zone: $0.5600–$0.5661 (near support).

2. Stop Loss: $0.5500 (close below confirms further downside).

Targets 🎯:

T1: $0.6059 (Minor resistance)

T2: $0.6273 (Key resistance)

T3: $0.6845 (Major breakout point)

Trade Momentum:

Current selling pressure dominates; wait for RSI to dip near 30 or for MACD crossover for a clearer reversal.

If price breaks below $0.5500, avoid buying as the downtrend could accelerate.

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