$ACT /USDT Technical Analysis: Potential Breakout Ahead!

The ACT/USDT pair is showing interesting patterns, with recent price action suggesting a potential breakout. Let’s dive into the technicals:

Current Price: $0.3166 (-4.32%)

24H High/Low: $0.3517 / $0.3146

24H Volume: 129.11M ACT ($43.08M)

Technical Indicators:

1️⃣ Support Level: $0.3140

The price is holding near this level, showing buyer interest.

2️⃣ Resistance Levels: $0.3360 (short-term), $0.3510 (mid-term)

Breaking above these could ignite a bullish rally.

3️⃣ RSI: Hovering near oversold levels, indicating potential upward momentum.

4️⃣ EMA Crossover: On the 4H chart, the 20 EMA is nearing a bullish cross with the 50 EMA.

Targets 🎯:

1. $0.3360 – A minor resistance; crossing this will signal the start of bullish momentum.

2. $0.3510 – A strong resistance zone; clearing this could lead to a rally.

3. $0.3750 – The key target for bulls, with potential for sustained upward movement.

Trading Strategy:

Bullish Scenario: Enter on a confirmed breakout above $0.3360 with a stop-loss near $0.3140.

Bearish Scenario: If the price breaks below $0.3140, watch for $0.3000 as the next support.

Keep an eye on volume and market sentiment for confirmation. Happy trading!

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