#Layer1公链普涨
[Emergency Notice][Emergency Notice]
A must-read for ACT holders!
Will ACT be popular again this week? Can it hit a new high after the pullback? Let's quickly review its trend and last week's analysis!
Artificial intelligence predicts that ACT is popular in the cryptocurrency market. This week, it has soared by more than 110%. CoinMarketCap data shows that the trading volume has soared by 350% to 886 million US dollars. This wave of growth is all driven by Binance's listing of ACT.
After Binance went public, ACT directly broke through the 50-day and 200-day simple moving averages, and the momentum looks strong. But the relative strength index RSI is 89, which means that this token may have been bought too aggressively and is a bit overvalued.
The technical indicators are still quite powerful. MACD shows a bullish signal, and the MACD line has crossed the signal line. If this buying momentum can continue, ACT may be able to hit a new high. Optimistic investors are all eyeing the target of $1.
The market sentiment is so optimistic, the fear and greed index is 77, which is simply "extreme greed". Some people predict that if the cryptocurrency market continues to be so strong, the average price of ACT will rise to $2.19 by 2025. But if the situation is not good, the price of this token may fall to $0.3. Now ACT is rising sharply, showing its potential, but investors still need to pay more attention to market changes and don't blindly follow the trend.
Is it a good time to enter the market now? I personally think it's better to wait and see the 4-hour line, and then find an opportunity to enter the market after the second confirmation.
