Technical Analysis for $ACT
/USDT
Current Price: $0.3613 (+2.99%)
Momentum: Bullish
Key Indicators:
1. Moving Averages (MA):
Short-term (20 EMA): Bullish, price above EMA.
Mid-term (50 SMA): Turning positive, indicating support near $0.3500.
2. Relative Strength Index (RSI):
RSI: 62 (Neutral-to-Bullish, room for upward movement).
3. MACD:
Positive crossover, confirming upward momentum.
4. Support Levels:
$0.3500 (Strong support).
$0.3450 (Critical support to hold).
5. Resistance Levels:
$0.3800 (Immediate resistance).
$0.4280 (Key breakout level).
Trade Signals:
Buy Zone: $0.3550–$0.3610.
Stop Loss: $0.3450 (below critical support).
Targets 🎯:
1. Target 1: $0.3800 (short-term).
2. Target 2: $0.4100 (mid-term breakout level).
3. Target 3: $0.4450 (24h high, aggressive target).
Momentum: Positive trade momentum with increasing volumes. Breakout above $0.3800 can trigger a move toward higher targets. Consider scaling profits at each target.
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