📈 $ACT
ACT/USDT Technical Analysis - January 5, 2025
🚀 Price Overview: ACT/USDT has shown significant bullish momentum recently, with the price currently at 0.3977 USDT, up by +23.39%. The current price represents a key support level after touching a 24h Low of 0.3110 and reaching a 24h High of 0.4127.
🔍 Key Levels to Watch:
1️⃣ Target 1: 0.4127 USDT (Resistance)
The recent high has seen a strong push to 0.4127. This level is crucial for the continuation of the bullish trend. A successful breakout above this resistance level could lead to further upside potential.
2️⃣ Target 2: 0.4177 USDT (Key Resistance Zone)
After the breakout above 0.4127, the next resistance to watch is 0.4177. This level has seen previous support, making it a key area to monitor for potential consolidation or reversal signals.
3️⃣ Target 3: 0.3812 USDT (Support Zone)
The price has established a support zone at 0.3812. If the price experiences a pullback, this area could act as a strong level for buyers to step in and push prices back up.
📊 Volume Analysis:
ACT 24h Volume: 359.45M ACT
USDT 24h Volume: 129.48M USDT
The increasing volume suggests strong buyer interest, especially considering the significant increase in price.
📉 Moving Averages:
MA(5): 12,024,988.6
MA(10): 14,447,739.4
Moving averages suggest upward momentum, but it’s essential to watch for any potential shifts in the trend.
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Watch out for any breakdown below 0.3812 as it could signal a bearish reversal, and price could head lower toward previous support levels.