ACT Volume Reduction and Fluctuation Hide Secrets: Key Levels Reveal Main Force's Next Moves
Today's ACT Market: Volume Reduction and Fluctuation Hide Trend Change Signals
Recently, the crypto market has been under liquidity pressure due to the Federal Reserve's interest rate hike expectations, with overall weak performance in risk assets.
Although some altcoins have released news of technical upgrades, substantial progress is limited.
On the regulatory front, there is still uncertainty regarding the industry compliance review by the U.S. SEC, leading to a strong wait-and-see sentiment in the market.
As a small to mid-cap cryptocurrency, ACT has had no major collaborations or ecological breakthroughs recently. In the short term, its performance is constrained by Bitcoin's sideways movement, and one should be cautious of the selling risks triggered by liquidity contraction.
In today's movement, ACT's five-minute candlestick chart shows an intensification in the contest between bulls and bears, with a decline of 0.06% in the first five minutes (actual -0.05976), followed by a rebound of 0.05% (actual +0.05229), with prices fluctuating narrowly between -0.08% and 0.07%.
The volume reduction pattern reflects an unclear direction for main funds, with low participation from retail investors. If the volume continues to shrink in the afternoon, prices may maintain a weak consolidation; if Bitcoin's volatility increases, it is essential to pay attention to the effectiveness of the -0.08% support level, as breaking it could accelerate the decline, while breaking the 0.07% resistance could attract short-term following trades.
From a technical perspective, the four-hour MACD is consolidating near the zero axis, and the RSI is at the neutral value of 45, showing no clear bullish or bearish signals in the short term.
The key support at -0.08% and resistance at 0.07% form a fluctuation range, with a breakout requiring confirmation through increased volume.
If a volume spike candlestick appears on the 15-minute level, it can be seen as a trend change signal. In terms of operations, holders are advised to set stop-losses below -0.1% to avoid risks, while short-term traders should reduce high-frequency operations and wait for directional confirmation before entering.
Personal Opinion: Volume reduction and fluctuation essentially indicate a market accumulation phase, and blind trading can easily lead to passivity. Holding onto key levels and quietly observing the main forces' movements is the best strategy.
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