ACXBounceBack
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Across Protocol (ACX) Gearing Up for a Potential Comeback 🚀
Technical Analysis Overview:
The recent price movement of $ACX showcases volatility and a potential for recovery after its steep drop. Here’s the breakdown:
• Current Price: $1.0064 (-40.80%)
• 24h Volume: $740.82M (indicating strong market activity)
• Support Level: $0.90 (key to sustaining momentum)
• Resistance Levels: $1.15 and $1.30
Chart Patterns Identified:
• Double Bottom Formation on the lower timeframes indicates a potential reversal pattern.
• Volume Surge aligns with price recovery attempts.
• RSI levels recovering around 50-55, showing decreased selling pressure.
Bullish Targets:
1. $1.15 - Immediate resistance
2. $1.30 - Short-term breakout potential
3. $1.50 - Medium-term target
4. $1.65 - Previous local high
5. $1.75 - Testing all-time highs (ATH)
Key Highlights:
• Market Rank: #213 with a market cap of $576.07M.
• Large Inflows: Over $322M in the last 5 days, indicating renewed investor interest.
• Sentiment: A potential recovery phase as traders look to reclaim lost ground.
Recent News:
• Across Protocol is gaining traction as a DeFi bridging solution, attracting significant inflows due to its use-case expansion.
#DeFiRecovery 💹 #ACXBounceBack 🚀 #CryptoAnalysis 📊
📈 Final Thought: Watch for sustained volume and breakout above $1.15 to confirm the recovery trend!
Technical Analysis Overview:
The recent price movement of $ACX showcases volatility and a potential for recovery after its steep drop. Here’s the breakdown:
• Current Price: $1.0064 (-40.80%)
• 24h Volume: $740.82M (indicating strong market activity)
• Support Level: $0.90 (key to sustaining momentum)
• Resistance Levels: $1.15 and $1.30
Chart Patterns Identified:
• Double Bottom Formation on the lower timeframes indicates a potential reversal pattern.
• Volume Surge aligns with price recovery attempts.
• RSI levels recovering around 50-55, showing decreased selling pressure.
Bullish Targets:
1. $1.15 - Immediate resistance
2. $1.30 - Short-term breakout potential
3. $1.50 - Medium-term target
4. $1.65 - Previous local high
5. $1.75 - Testing all-time highs (ATH)
Key Highlights:
• Market Rank: #213 with a market cap of $576.07M.
• Large Inflows: Over $322M in the last 5 days, indicating renewed investor interest.
• Sentiment: A potential recovery phase as traders look to reclaim lost ground.
Recent News:
• Across Protocol is gaining traction as a DeFi bridging solution, attracting significant inflows due to its use-case expansion.
#DeFiRecovery 💹 #ACXBounceBack 🚀 #CryptoAnalysis 📊
📈 Final Thought: Watch for sustained volume and breakout above $1.15 to confirm the recovery trend!
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