$ACT /USDT POTENTIAL DOWNTREND SIGNAL
$ACT /USDT is showing early signs of a downtrend after a clear rejection near the $0.0504 resistance zone. The price has failed to sustain above $0.0500 and is now moving lower with bearish candles forming on the 5-minute timeframe. The market structure is starting to shift with lower highs and lower lows developing, indicating selling pressure is increasing.
Additionally, the recent attempt to break $0.0500 was met with quick rejection, confirming that buyers are losing momentum. The 24h high remains at $0.0528, but sellers are currently dominating below $0.0500.
Key Trade Setup:
Entry Range: $0.0498 – $0.0499
Stop Loss: Above $0.0504 (recent rejection point)
(immediate support)
Target 1: $0.0490 (next support level)
Target 2: $0.0400 (stronger support zone)
If $0.0494 support breaks, expect increased downside pressure. Volume also appears to be slowing, which may accelerate the price drop if no buying interest returns. This setup is valid as long as price remains below $0.0504.