$ACT $ACT $ACT

ACT/USDT, currently trading at $0.7709 (+9.41%), here's a technical analysis with key targets and trade strategies:

Key Levels:

  1. Resistance Levels:

    • $0.7991: Immediate resistance (24h high). A break above may lead to a retest of the $0.84 range.

    • $0.8417: Next major resistance zone.

  2. Support Levels:

    • $0.7394: Near-term support from recent price action.

    • $0.6747: 24h low and critical support for bullish structure.

Indicators:

  • Moving Averages:

    • MA(5): $16.13M and MA(10): $16.08M — Prices are above both moving averages, suggesting short-term bullish momentum.

  • Volume:

    • ACT Vol: 511.90M and USDT Vol: 377.46M — High trading activity supports current trend strength.

  • Trend:

    • The price structure aligns with a breakout scenario if resistance levels are breached.

Trading Plan:

  1. Entry Points:

    • Aggressive Entry: Near current price ($0.7709) for momentum traders.

    • Conservative Entry: Around support at $0.7394 or $0.6747 for a safer setup.

  2. Take Profit Levels:

    • Target 1: $0.7991 (24h high).

    • Target 2: $0.8417 (major resistance).

    • Extended Target: $0.94 (based on historical highs and Fibonacci extensions).

  3. Stop-Loss:

    • Place at $0.6747, below the 24h low, to limit downside risk.

Observations:

  • Bullish Momentum: With a 9.41% gain, momentum is in favor of buyers.

  • Volume Surge: Increased trading activity confirms strong market interest.

  • Volatility: Adjust position sizes due to the potential for rapid price swings.

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