#市场回暖新机遇 ACT has been falling continuously for a while, it hasn't stopped since November 11, with each rebound being lower than the previous one and the lows getting lower as well, which is a clear downtrend.
However, from November 21 to 27, there was a situation worth noting, $ACT showed 3 instances of RSI divergence on the 4-hour chart, indicating it may have dropped too far and could rebound. Additionally, the trading volume was decreasing, suggesting that there weren't as many sellers.
Last night, it reached a low point that was even higher than the one on the 26th, which could be a signal that $ACT is about to start reversing, but it's still uncertain. If it can steadily break through the resistance level of 0.5 next, the reversal signal will be even more apparent.
As for how high ACT can go, it's hard to say with these kinds of coins. Personally, I think conservatively it could rise above 2, and optimistically it might reach above 5.