Technical Analysis for ACA/USDT on Binance ā 3 Key Price Targets šÆ
š Current Price: $0.0919 (up 13.88% in 24 hours)
ACA has been showing bullish momentum recently, and it's crucial to keep an eye on the price action for potential breakout levels. Here's a quick technical analysis to help guide your next move.
Key Levels to Watch:
1. Target 1: $0.0927 (24h High) ā Immediate Resistance
ACA has recently touched a high of $0.0927, which serves as the immediate resistance level. A break above this point could signal continuation of the uptrend.
Action: Watch for consolidation or pullbacks near this level. If the price breaks above $0.0927 with strong volume, it could push further.
2. Target 2: $0.1026 ā Mid-Term Resistance
A significant resistance zone lies around the $0.1026 mark. This could be the next target if ACA sustains its bullish momentum and breaks past the recent high.
Action: Watch for price reactions around this level. If ACA struggles to break it, a short-term retracement could occur before moving higher.
3. Target 3: $0.0761 ā Support & SAR Indicator
The SAR (Stop and Reverse) indicator at $0.0761 suggests this is an important support level for ACA. If the price drops below this, it could indicate a trend reversal.
Action: If ACA retraces towards this level, look for signs of support, such as bullish candlestick patterns or increasing volume, to confirm potential for a bounce.
Additional Notes:
24h Volume (ACA): 210.38M (Strong market participation)
24h Volume (USDT): 17.03M
Risk Management: Always set stop-loss orders around support levels (such as $0.0761) to manage risk effectively.
