a technical analysis post for Binance featuring three target levels for ACT/USDT:
/USDT Technical Analysis
The ACT/USDT pair has shown strong momentum, rising by 21.31% over the past 24 hours. However, the market is currently seeing a slight pullback, down by 0.93% from its high.
Key Levels to Watch:
1. Support Zone: $0.3800
The $0.3800 level serves as a strong support, where buyers could step in to reverse the current downtrend if it holds.
2. Resistance Zone: $0.4127
The 24-hour high of $0.4127 is a key resistance level. A breakout above this could lead to further bullish momentum, targeting the next key resistance at $0.4200.
3. Target Area: $0.4000
The $0.4000 level is a critical psychological resistance. If the price breaks above this, it could signal an opportunity for further gains in the short term.
Strategy: Watch for price action near these key levels to determine potential breakout or pullback opportunities. If the price fails to break the resistance at $0.4200, we could see a retest of support at $0.3800.
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