$ACH
1. Current price:
$0.03718 (up 22.18% in the last 24 hours).
2. 24-hour volume:
ACH volume: 3.09B.
USDT volume: 111.45M.
3. 24-hour price range:
High: $0.04100.
Low: $0.02927.
4. Moving averages:
MA(5): $0.03703.
MA(10): $0.03874.
MA(60): $0.03703.
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Technical Analysis:
1. General Trend:
The pair is witnessing a strong rise, driven by a significant increase in momentum, as the price rose by 22.18%. Current resistance is at 0.04100, and support is at 0.02927.
2. Moving Averages:
The current price is almost in line with MA(5), which means that the uptrend is still strong.
Breaking the MA(10) level indicates the possibility of further rise if the trading volume supports it.
3. Volume and Trading:
Trading volumes are significantly high, indicating strong interest in the currency.
Continuing the rise depends on the continued increase in trading volumes.
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Recommendations:
1. Buy:
In case of breaking the resistance at $0.04100 with high trading volumes.
With a stop loss placed at a level close to the support at 0.03700 to avoid risks.
2. Sell:
If the support at $0.02927 is broken with declining momentum and trading volumes