A brief analysis of the ACA/USDT currency
🔎 Brief Technical Analysis:
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✅ Current price: 0.0314 USDT
✅ Percentage change: +20.31% in the last 24 hours
✅ Highest price in 24 hours: 0.0358 USDT
✅ Lowest price in 24 hours: 0.0257 USDT
✅ Trading volume: 360.94M ACA
✅ Trading Volume USDT: 11.75M USDT
🟠 General trend:
The trend is generally downward in the medium term (as shown by the gradient of the moving averages MA).
Currently, there is a positive rebound attempt with a slight break of short averages like MA(7) and MA(25), but MA(99) still poses resistance at around 0.0364.
🔸 Moving Averages:
MA(7): 0.0296 (currently acts as support for the price)
MA(25): 0.0333 (near resistance)
MA(99): 0.0364 (major resistance)
🔸 Relative Strength Index RSI:
RSI(6) at about 55 ➡️ indicates a neutral zone leaning slightly positive.
This means that the market is not in a clear overbought or oversold area.
🔸 MACD Indicator:
MACD is still slightly in the negative zone, with a slight crossover showing the beginning of positive momentum but it has not yet confirmed strongly.
🔸 Trading Volume:
There is a large candle in size indicating a strong liquidity inflow recently (possibly due to positive news or support from buyers).
📝 Recommendations:
1. Short term: the price is trying to break the resistance 0.0333-0.0364, if it surpasses it with a daily close, we may see a continuation of the rise towards 0.04.
2. Risk: Due to the previous overall downward trend, it is better to place a stop-loss below 0.025.
3. Caution: If the price fails to break MA(25) or MA(99), it may retreat again towards 0.025.
