📊 $ACA /USDT Technical Analysis - Bearish Momentum with Potential Reversal! 📊
Current Price: $0.1080 (-6.57%)
24h High: $0.1267
24h Low: $0.1000
/USDT is experiencing a -6.57% decrease over the last 24 hours, now trading at $0.1080. After reaching a 24-hour high of $0.1267, the price has retraced and is testing the 0.1000 support level.
Key Levels to Watch:
Support Levels:
0.1000
0.0935
0.0781
Resistance Levels:
0.1113
0.1267
0.1292
Volume Analysis:
24h ACA Volume: 344.50M
24h USDT Volume: 38.79M
Strong trading activity indicates continued interest in ACA/USDT, but the price has faced resistance, causing the current retracement.
Depth Analysis:
Bid Depth: Support near 0.1000 and 0.0935, with further support at 0.0781 in case of a deeper pullback.
Sell Depth: Resistance at 0.1113 and 0.1267 is likely to continue limiting upward momentum in the short term.
Short-Term Outlook:
Bearish Trend: The -6.57% drop suggests that ACA/USDT is in a bearish phase, with the potential for further decline if 0.1000 support breaks. If the price continues downward, watch for the next support level at 0.0935.
Potential Rebound: A break above 0.1113 would signal a potential reversal, targeting higher resistance at 0.1267 and 0.1292.
Conclusion: ACA/USDT is in a bearish trend but key support levels at 0.1000 and 0.0935 will be critical in determining whether the price can stabilize. Watch for signs of reversal if these levels hold.
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