#act Based on the screenshot of the ACT/USDT price chart on Binance with a 4-hour time frame, here is a brief technical analysis:
1. Price Trend
Current price: 0.0830 USDT, up +34.09% in 24 hours.
The price has risen from around 0.0483 USDT to 0.0898 USDT (24-hour high), showing very strong bullish momentum.
2. Volume and Volatility
Trading volume has sharply increased, especially in the last few candles, supporting the price rally.
High volatility is seen from the long wicks on several candles.
3. Technical Indicators
Moving Average (MA):
MA(5) and MA(10) show a golden cross, a short-term bullish signal.
MACD:
The MACD line (yellow) > DEA (red) and the MACD histogram is positive, indicating that the upward momentum is still strong.
DIF and DEA: Positive and widening, indicating that the upward trend is still healthy.
4. Support and Resistance
Nearest support: Around 0.0645 USDT (previous consolidation area).
Nearest resistance: 0.0898 USDT (24-hour high). If broken, it could move towards 0.0919 USDT and beyond.
Conclusion
ACT/USDT is currently in a strong bullish trend with supporting volume. However, due to the sharp rise, potential short-term corrections could occur. Pay attention to resistance levels and don't forget risk management.