Acala is now five weeks into the fire. If you read often you will understand clearly what I mean; if you are new, this might not make much sense.
The low happened 14-April here, ACAUSDT. Some weak action and then red. Five weeks red and the action remains relatively sideways, not much change in price.
Current price trades above the 14-April low. The 14-April low was 0.02698. Current price is higher. Five weeks red, high bearish volume and yet, no new major lows.
Notice the drop from early December 2024 until April 2025. Five weeks red can cover a huge distance, there can be a strong decline. When you see five weeks red but no change in price, this is a bullish signal. It means that the bears have no strength. It means we are not seeing a bearish trend nor a bearish impulse, instead, a retrace and stop-loss hunt. Since bearish pressure is non-existent and after weeks of selling prices aren't going any lower, we can predict change soon.
This change is bullish. The bullish signal comes from the fact that the bearish action is just too weak. It is like seeing prices trading near resistance (say a new all-time high) for weeks, months with no advance. This would reveal that the top is in and a crash comes next. In this case, the bottom is in and a bull market will follow.
Thank you for reading.
Namaste.