$ACT /USDT Technical Analysis & Trade Signal: Bullish Momentum on the Horizon! š
Current Price: $0.3783
Price Change: +5.73%
Price Action Overview:
ACT/USDT is showing a strong bullish momentum, currently trading near its 24-hour high. With the price finding support at $0.3471, there's a high probability for further upward movement, making it a promising trading opportunity.
Key Support & Resistance Levels:
Support:
Primary Support: $0.3471 (24h Low)
Secondary Support: $0.3490 (K)
Resistance:
Primary Resistance: $0.3791 (24h High)
Secondary Resistance: $0.3850 (Next Major Level)
Technical Indicators:
RSI (Relative Strength Index): Neutral at around 55, with room for more upward movement before hitting overbought levels.
MACD: Shows a positive bullish crossover, signaling potential for continued momentum.
Volume: 199.46M ACT and 71.93M USDT in 24h volumeāindicating robust market activity and liquidity.
Price Targets & Trade Signal:
1. Target 1 šÆ (Short-term): $0.3820
A breakout above $0.3791 could propel the price to this level, signaling a continuation of the bullish trend.
2. Target 2 šÆ (Medium-term): $0.3850
The next major resistance level where price might experience some resistance. If broken, expect further upward momentum.
3. Target 3 šÆ (Long-term): $0.3900
A strong potential breakout target if the bullish momentum continues, confirming a robust uptrend.
Trade Momentum:
Short-term Momentum: Bullish, with solid upward price action and no significant resistance in the immediate short term.
Medium-term Momentum: Positive, but watch for potential pullbacks around $0.3791 and $0.3850.
Bearish Reversal: A fall below $0.3471 would signal a possible trend reversalākeep an eye on the price behavior at this support level.
Trade Signal:
Entry Price: $0.3783
Target 1: $0.3820
Target 2: $0.3850
Target 3: $0.3900
Stop Loss: Below $0.3471
Recommendation: Enter at current price levels and aim for targets of $0.3820, $0.3850, and $0.3900.