$ACT has experienced a 1.607% decline over the past 24 hours, reflecting a continuation of its current downtrend. With a trading range between 0.0564 and 0.0542, the price has tested the lower Bollinger Band near 0.0541, suggesting potential oversold conditions. However, the lack of clear Bitcoin correlation indicates that market sentiment may be driven by independent factors, possibly linked to regulatory uncertainties or macroeconomic concerns. Traders should adopt a short-term approach amidst the heightened volatility, looking for bounce opportunities near support at 0.0531. Notably, a sustained breach below this level may signal further weakness. Key takeaway: ACT’s movements are shaped more by market-specific dynamics than by Bitcoin, highlighting the need for targeted strategies.
