$ACT is on the rise

ACT has great potential! Target $0.60, breakthrough imminent! 1. Market Analysis
Current price of ACT: $0.5110, daily high $0.5812, daily low $0.5093. ACT has been maintaining a volatile consolidation recently, stabilizing around $0.51. If it breaks through $0.55 in the short term, it may welcome significant upward momentum.
2. Technical Analysis
Support Levels:
$0.5100 (short-term support): Support level below the current price; if it drops below this level, it may retrace to $0.50 or lower. $0.5000 (strong support): Previous low; breaking below this level may accelerate the retracement. $0.4900 (key support): If this support is lost, the market may enter a significant adjustment phase.
Resistance Levels:
$0.5400 (short-term resistance): After breaking this level, ACT is expected to rise further, with a target visible at $0.55. $0.5500 (strong resistance): If this level is broken, ACT's target price may challenge $0.60. $0.6000 (breakthrough target): After breaking this price level, the market may welcome a new upward cycle.
MACD shows that upward momentum is gradually strengthening, and RSI is in a healthy range, indicating that market sentiment is relatively positive, and a breakthrough may occur in the near future.
3. Short-term Contract Strategy
Long Strategy:
Entry Point: $0.5110 Stop Loss: $0.5000 Take Profit: $0.5400
If it breaks $0.5400, continue to follow up with long positions, targeting $0.55 and $0.60.
Short Strategy:
Entry Point: $0.5500 Stop Loss: $0.5600 Take Profit: $0.5100
If it fails to break $0.5400 and retraces below the support level of $0.5100, consider going short.

If ACT successfully breaks through $0.5400 and $0.5500, it is expected to rise to $0.60 in the short term. If the price retraces below $0.5000, bearish forces may dominate the market, and the price may further decline.
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