$ACT Will hitt 0.90$ tonight:
Predicting exact price movements, especially within short timeframes like a single night, is highly uncertain, especially in volatile markets like cryptocurrencies. However, we can analyze the likelihood of ACT/USDT reaching 0.90 USDT based on the current chart data and technical indicators you’ve provided.
Analysis for a Potential Move to 0.90 USDT
1. Current Price and Resistance Levels:
The current price is 0.7194 USDT.
Key resistance levels are at:
0.7288 USDT (EMA 7)
0.7365 USDT (EMA 25)
0.7991 USDT (recent high and major resistance)
For the price to hit 0.90 USDT, it would need to break through multiple resistance levels:
The price must first overcome 0.7991 USDT, which is a strong resistance zone.
After that, the psychological level of 0.80 USDT might also provide some resistance before targeting 0.90 USDT.
2. Technical Indicators:
Stochastic RSI is currently in the oversold zone, which might indicate a potential short-term reversal or bounce. However, it’s not a guaranteed sign of a strong uptrend unless confirmed by other signals.
RSI is at 38.08, which indicates bearish momentum. For a strong bullish move, we would typically want to see the RSI moving above 50.
Volume: There needs to be a significant increase in buying volume to push the price through the resistance levels up to 0.90 USDT.
3. Required Percentage Increase:
The current price is 0.7194 USDT.
To reach 0.90 USDT, the price needs to increase by:
\text{Percentage Increase} = \left(\frac{0.90 - 0.7194}{0.7194}\right) \times 100 \approx 25.12\%
Factors to Consider:
Market Sentiment: Look for any news or events that could drive a strong bullish sentiment, such as a major partnership, exchange listing, or other announcements related to the ACT token.
Volume and Momentum: Monitor trading volume closely. If there’s a sudden spike in buying volume, it could indicate that bulls are taking control, increasing the chances of a rally.
