$ACT has been on a downward trend recently, not stopping its decline since November 11. Every time it attempts to rebound, it struggles and continues to fall lower, with new lows being set continuously, showing a clear downward momentum.
However, there is a phenomenon worth our attention from November 21 to 27. The RSI indicator on the 4-hour chart for ACT showed 3 instances of hidden divergence, which indicates that it may have overshot to the downside, and a rebound may be forthcoming. Additionally, during that time, trading volume was decreasing, suggesting that the number of sellers was diminishing.
Last night, it hit a low that was actually higher than on the 26th, which could be a sign that ACT is about to start reversing, but we still can't be too certain. If it can successfully break through the 0.5 level next, the reversal signal would be clearer.
As for how high ACT can rise, no one can guarantee that. Personally, I think a conservative estimate would be that it could rise above 2, and if the situation is good, it might even reach above 5.