A friend asked me how to look at $ACT. First, this is a Chinese market, with a lot of KOLs promoting it on the platform. I have never been very fond of Chinese markets. Second, yesterday ACT was also going against the trend and not falling. However, according to today's market, ACT should have shown an upward trend, but it fell slightly instead and did not go against the trend. Third, I judged that ACT wanted to make a false breakthrough, taking advantage of this wave of market crash to create the impression that ACT has a big dealer, and then sell it in line with the trend. I will not buy it in spot, I will wait for the market to calm down and start shorting it.
It's easy to smash $1000CHEEMS , but it's difficult to pull it up. Playing like this, make sure to set stop losses; it's simply giving money to the dog farm's generosity.
$1000CHEEMS The new coin is not looking down on you. It has too much water and needs to be squeezed out. Close your eyes and let me help you digest it.
$1000CHEEMS is a bitch who is pretending to be a saint. She just comes up and dumps the market. It's really interesting. Hahahaha. In their eyes, we are all leeks.
Solana-based Meme Coin $ACT on Cusp of Possible 2x Amid Heightened Crypto Volatility
Coinspeaker Solana-based Meme Coin $ACT on Cusp of Possible 2x amid Heightened Crypto Volatility
The meme coin industry, including Act I The AI Prophecy ACT $0.24 24h volatility: 9.5% Market cap: $227.66 M Vol. 24h: $338.45 M , has experienced heightened volatility in the recent past as Bitcoin BTC $100 093 24h volatility: 3.3% Market cap: $1.99 T Vol. 24h: $73.09 B price teases further short-term correction. The recent strategic launch of Official Trump TRUMP $17.92 24h volatility: 0.6% Market cap: $3.59 B Vol. 24h: $2.86 B and Melania Meme MELANIA $1.65 24h volatility: 13.7% Market cap: $247.00 M Vol. 24h: $182.89 M on the Solana SOL $214.8 24h volatility: 7.8% Market cap: $104.68 B Vol. 24h: $9.41 B network has significantly changed the membership dynamics.
However, the AI-focused meme coins have gained significant momentum as China’s DeepSeek destabilized the US dominance in the emerging tech sector. According to market data from Coingecko, top AI-focused meme coins by market cap recorded a 12 percent gain in net valuations to hover at about $4.2 billion and a 24-hour average trading volume of about $2 billion.
ACT Meme Coin Overcomes Crypto Bearish Sentiment
Since Bitcoin price teased the support level around $91k earlier this week, the altcoin industry has recorded losses of more than 10 percent. With the fear of further crypto correction, amid the tariff wars between the United States and China, on-chain data shows whale investors have been exiting the market and not buying the dip.
However, ACT meme coin has been showing midterm bullish sentiment, after being trapped in a falling channel since mid-November 2024. According to crypto analyst alias Captain Faibik, ACT price is on the cusp of breaking out of a descending channel with a target of at least a 200 percent rally in the near future.
$ACT is once again Looks Promising for the Descending Channel Breakout..
Still Expecting 2x Bullish Rally in the Coming Days..📈#Crypto #ACT #ACTUSDT pic.twitter.com/eC92iy7gjL
— Captain Faibik 🐺 (@CryptoFaibik) February 4, 2025
However, ACT price against the US dollar in the daily time frame must consistently close above the resistance range between 37 cents and 44 cents to invalidate the multi-week falling trend.
In case of further bearish sentiment, ACT price could drop toward the support level of around 14 cents before rebounding towards a new all-time high.
Improving Fundamentals
The ACT meme coin has grown to a vibrant online community, consisting of more than 36k on-chain holders. Having grown from the Pump.fun platform, ACT meme coin has attracted reputable market makers with deep liquidity. As of this writing, the ACT/SOL pool on different DEXes, led by Raydium, has over 18K SOL locked.
In a bid to ensure a sustainable future, Unicorn Verse, a well-funded strategic investment firm, announced a partnership with the ACT meme coin to enhance its liquidity management.
With the strategic backing from top web3 investors, led by Marc Andreessen, ACT is well positioned to grow exponentially in the coming months.
Moreover, the much-anticipated altseason will kick start as soon as the ETH/BTC pair reverses from the multi-year falling trend. Already, Eric Trump, the executive vice president of the Trump Organization, believes now is the best time to distribute Bitcoin profits to the altcoin industry led by Ethereum.
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Solana-based Meme Coin $ACT on Cusp of Possible 2x amid Heightened Crypto Volatility
$ACT I heard that AI conversations have become very popular recently, with small domestic companies outperforming European and American giants. Speaking of which, let's talk about the cryptocurrency sector. Is there hope for the only AI conversation cryptocurrency to enter the hundred billion market? Is the project team seriously working on it?
$ACT No matter what coin you buy, I recommend everyone to buy leading coins. This coin is too weak, there's no big player anymore. The rise is weak, and the fall is very smooth and effortless. It's clear that this is a borrowed coin being dumped. A coin that can drop 80% in just over a month is best avoided. If it can drop 80%, it can drop 100%.
$ACT Don't waste energy on this. What value investing is just a waste. All in, everything about the palace is fake. Hahaha, when a golden dog comes out, it can harvest a lot of people. This coin has dropped 80% in a month, do you understand what that means?? 😂