$ACT

The main reason for this sharp decline in the price of ACT/USDT is news of an account breach that resulted in a loss of $1 million in ACT tokens.

"Victim Loses $1 Million in ACT Tokens Due to Account Breach"

Negative news significantly impacts investor sentiment, leading to intense selling of the currency and a sharp drop in its value, as illustrated by the large red candle at the beginning of the collapse.

Current price: $0.0832, down -55.86% in 24 hours, indicating a strong collapse.

Highest and lowest price in 24 hours:

Highest price: $0.1899.

Lowest price: $0.0768.

Technical indicators:

Bollinger Bands: Large divergence followed by convergence indicating high volatility followed by stabilization.

RSI (Relative Strength Index): At 47.19, indicating no clear overbought or oversold conditions.

MACD: Indicates a downward trend but has started approaching zero, which may indicate a slowdown in the decline.

Stochastic RSI: At 93.30, in the overbought zone, which may indicate a potential upward correction.

What does this mean?

This decline is primarily caused by the negative news, prompting investors to sell the currency rapidly.

If the market stabilizes or positive news emerges, a slight rebound may occur.

There is no clear signal of a trend reversal yet, and the price may continue to move sideways.

If you are considering entering or exiting the trade, it is important to monitor news and support and resistance levels.