$ACT Rejection: Resistance Too Strong? ๐
The glimmer of hope for Achain ($ACT) has dimmed for now. ๐ The rally we were watching was stopped dead in its tracks, right at the major long-term resistance level. Sellers showed up in force, pushing the price back down and confirming that the downtrend's grip has not yet been broken.
๐น Test Failed: As anticipated, the 99-day moving average (around $0.0381) acted as a formidable wall of resistance for $ACT . The price has since been rejected and is now trading lower at ~$0.0368.
๐น Support Watch: Following the rejection, the price is now testing the 25-day moving average (around $0.0362) as its first line of immediate support.
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Will ACT build up for another try, or is this rejection the start of a move back to the lows? What's your prediction? ๐ฎ
