Act short-term fierce battle, the timing of the outbreak is approaching！
Current price: 0.4480 USD
Market analysis:
Act's current price is 0.4480 USD, experiencing a slight fluctuation in the past 24 hours, with a maximum of 0.4500 USD and a minimum of 0.4400 USD. Market sentiment is relatively cautious, but with the increasing heat in the AI field, Act's value is expected to usher in an explosive increase. Currently, the price is firmly above the key support level of 0.4400 USD, and may face risks of rising or a retracement in the short term.
From a technical perspective, Act's relative strength index (RSI) is close to 50, indicating that the market is not significantly biased towards buyers or sellers. A breakthrough or retracement in the short term will determine the next trend. If the price breaks above 0.4500 USD, it may usher in a new rise, while if it falls below the support level of 0.4400 USD, it may fall again.
Long strategy:
Target: 0.4550 USD - 0.4600 USD
Stop loss: 0.4400 USD
If Act breaks through 0.4500 USD and the price stabilizes in that area, the long signal will be further confirmed. At this time, the target can be seen in the range of 0.4550 USD to 0.4600 USD. The potential for further increases after the breakout is relatively large, but caution is needed for price retracement. If it falls below the 0.4400 USD support, timely stop loss is required.
Strategy details:
Entry point: Enter long when the price breaks through 0.4500 USD and stabilizes. Stop loss setting: If the price falls below 0.4400 USD, stop loss. Target: 0.4550 USD to 0.4600 USD.
Short strategy:
Target: 0.4400 USD - 0.4350 USD
Stop loss: 0.4550 USD
If the price fails to break through 0.4500 USD and falls back, shorting can be considered. The entry point is in the range of 0.4450 USD to 0.4500 USD, with a target range of 0.4400 USD to 0.4350 USD. If the price breaks through 0.4550 USD, stop loss in time.
Strategy details:
Entry point: Short when the price falls back to the range of 0.4450 USD to 0.4500 USD. Stop loss setting: If the price breaks through 0.4550 USD, stop loss. Target: 0.4400 USD to 0.4350 USD.
Based on the current market trend, Act has a good chance of breaking through the resistance level of 0.4500 USD and testing the range of 0.4550 USD to 0.4600 USD upwards. As the application of AI technology continues to expand, the attractiveness of this token will gradually increase, possibly attracting more investor attention. $ACT
