$ACT /USDT Price Analysis
$ACT /USDT is showing signs of recovery after a steep decline, currently trading at 0.4920, up by 0.63% in the last 30 minutes. The price has bounced back from the 24-hour low of 0.4185, demonstrating a potential bullish reversal. With increasing trading volume, ACT could test higher levels if momentum sustains.
Key Levels to Watch:
1. Resistance 1: 0.5000 – A breakout above this level could indicate a bullish trend, with targets set at 0.5300 and 0.5500.
2. Support 1: 0.4600 – If the price retraces, this support will be crucial to maintain upward momentum. A breakdown may lead to further declines.
3. Critical Support: 0.4185 – This is the 24-hour low and acts as a strong safety net. Breaching this level could trigger panic selling.
Targets:
Target 1: 0.5300 – A minor resistance where profit-taking might occur.
Target 2: 0.5500 – Key resistance aligning with previous high levels.
Target 3: 0.5756 – 24-hour high and a potential test for bullish confirmation.
Traders should monitor price action around these levels and adopt strict risk management strategies to navigate the volatility effectively.
