The Underlying Currents Behind the Surge in ACT Prices: Is There a Bear Trap Hidden Behind the Strong Bullish Candle?!

ACT prices surged like a runaway wild horse yesterday with a powerful bullish candle, reaching the support at the bottom of the trend, igniting hopes for a market rebound. However, a closer look at the technical charts reveals hidden risks — the MACD death cross has quietly emerged, indicating that the upward momentum is gradually fading, and the bullish momentum in the short term faces severe tests.

The current rebound may just be a “trap” tactic by the bears! The breathing space for the bulls may only be a brief pause before the bears strike back. If the price cannot hold the support level, the bears may seize the opportunity to launch an attack, leading to a larger pullback.

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