The current market situation shows that although the market capitalization of AI16Z has exceeded 2 billion, the market capitalization of ACT has decreased by 300 million, placing it at a lower level among meme and AI meme assets.
Nevertheless, the potential to drive up ACT's price remains significant; this may just be the market reallocating chips.
It might be worth considering some spot trading: the current situation is quite awkward. Looking at the 1-hour candlestick chart, there has been a significant rise today, and it is now near the upper resistance level. The momentum has shown clear signs of weakness, and a correction has already occurred. It may be wise to set a position and wait for the next breakout. As long as we break through the upper resistance level, we can at least see 0.42 above.
Currently, I recommend entering a spot position at 0.31. This level is also very good for taking long positions in contracts.