$ACX has experienced a notable decline of 3.127% in the past 24 hours.
The price fluctuated between a high of 0.1394 and a low of 0.1317.
With the current Bollinger Bands showing tight margins, the asset is showing consolidation within support at 0.132 and resistance at 0.1364.
The overall market is trending downward, indicating a weak trend that may lead to further declines.
Macroeconomic factors, such as potential regulatory news and inflation data, could exacerbate this volatility.
Bitcoin's influence remains undefined, suggesting that ACX may be experiencing idiosyncratic movement.
Traders might consider a short-term approach due to heightened volatility and trend weakness.
Ultimately, monitoring macroeconomic indicators will be vital for future price action; caution is advised.
