---$ACT
🚀 ACT/USDT Technical Analysis (4H Timeframe)
Current Price: $0.3696 (+14.25%)
The market is showing strong bullish momentum, with the price breaking above key levels after consolidating for a significant period. Here's a detailed breakdown of the situation:
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🔑 Key Levels to Watch
1️⃣ Support Levels:
$0.3186 (Yellow Zone): This acted as a strong base during the recent consolidation and could provide support if the price retraces.
$0.2929 (Blue Zone): A critical area of demand where buyers have consistently stepped in previously.
2️⃣ Resistance Levels:
$0.4000–$0.4500 (Highlighted Zone): The next major hurdle for bulls lies within this resistance zone. A breakout above this area could signal further bullish continuation.
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📈 Technical Indicators & Observations
Moving Averages:
The price has crossed above the yellow 20 EMA and blue 50 EMA, confirming bullish momentum.
A potential golden cross (shorter EMA crossing above longer EMA) is forming, which could attract more buyers.
Volume Surge:
Significant volume accompanied this breakout, indicating strong market participation and confidence from buyers.
Trend Analysis:
The chart structure suggests a potential higher high forming if the price maintains its upward trajectory.
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🔮 What’s Next?
If the price continues its bullish momentum:
The first target would be $0.4000, followed by the $0.4500 zone.
Breaking above $0.4500 could open doors to higher levels around $0.5000 or beyond.
In case of a pullback:
Watch for support at $0.3186 and $0.2929, where buyers might re-enter.
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⚠️ Final Thoughts
This breakout shows promise for further bullish continuation, but traders should remain cautious as resistance zones are approaching. Monitor key levels closely and manage risk effectively.
🔍 Disclaimer:
This post is for informational purposes only and should not be taken as financial advice. Always perform your own research and
trade responsibly.
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