$ACX Market Analysis on Binance: Target and Key Insights

As of the most recent data, $ACX is exhibiting notable volatility, providing potential opportunities for traders on Binance. Here's an in-depth analysis of its performance:

Current Price Overview:

Price: 0.8330 USDT

24h High: 0.8508 USDT

24h Low: 0.7383 USDT

24h Change: +7.21%

The price of $ACX has been trending upward over the past 24 hours, marking a healthy 7.21% increase from the previous day. This upward momentum suggests a growing interest in ACX, likely driven by short-term bullish sentiment.

Volume Analysis:

24h Volume (ACX): 58.75 million ACX

24h Volume (USDT): 46.72 million USDT

The trading volume on Binance is significant, with over 58 million ACX traded in the last 24 hours. This high volume indicates strong market activity, making it an attractive asset for both short-term traders and long-term investors.

Market Depth & Liquidity:

Market Depth: 1.9245

The liquidity in the market appears to be healthy, providing enough support for market orders. Depth indicates the number of buy and sell orders, which is a key factor for understanding price stability.

Moving Averages (MA) Overview:

MA(7): 0.8038

MA(25): Not available

MA(99): Not available

With a 7-day moving average at 0.8038, the price of ACX is above its short-term moving average, confirming the ongoing bullish trend. However, the absence of longer-term moving averages like the MA(25) and MA(99) leaves some uncertainty regarding longer-term trend stability.

Binance Price Insights:

Binance Price: 0.9798 (Ask), 0.8332 (Bid)

Binance Volume: 52.3 million ACX

ACX is trading close to its ask price of 0.9798 USDT on Binance, suggesting that it could be approaching its short-term resistance level, with strong support at 0.8332 USDT. Given the substantial trading volume of 52.3 million ACX, Binance is seeing considerable demand for the token.

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