ACT has recently had a good run, and is now in a digestion phase. The price is fluctuating around 0.0394, just below the 7-hour moving average (about 0.0396), while the 25-hour and 99-hour moving averages are at 0.0363 and 0.0292 respectively. From this position, long positions still have a slight advantage, but caution is needed.



If it can break cleanly and decisively through the range of 0.042 to 0.045 (with the recent high point around 0.0429), then it is likely to head towards the range of 0.046 to 0.05. Conversely, the support level below is around 0.037 to 0.035, with stronger support near the 99-hour moving average around 0.029.

The trading volume significantly increased during that breakout, and has now retraced. Whether the market can continue to rise next depends on whether new buying can follow up, and it also needs to regain the short-term moving averages and recent highs. For now, we need to wait for clearer signals.
ACT7.39%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
wrekt_but_learningvip
· 15h ago
It's the same old situation again and again... If it can't break through, it's just oscillation. I just want to know when it will really start moving.
View OriginalReply0
UncommonNPCvip
· 12-23 20:28
It's oscillating again, which is really annoying at this position. Just wait, if it can't break 0.042, there's no point. Where are the buy orders? Where did they go?
View OriginalReply0
EthSandwichHerovip
· 12-21 08:51
Waiting for signals? Bro, I've been waiting forever, ACT really is exhausting with all this back and forth.
View OriginalReply0
NFT_Therapyvip
· 12-21 08:51
Um... still the same old trap, lacking innovation. It feels like just testing repeatedly, nothing major happening. Let's see if it can hold above, otherwise it's easy to trap.
View OriginalReply0
FromMinerToFarmervip
· 12-21 08:49
Take your time, this wave will either pump to 0.05 or drop back to 0.029, there's nothing meaningful in between.
View OriginalReply0
DEXRobinHoodvip
· 12-21 08:46
It feels like a dream, can it break 0.045 directly? Let's talk about it when the volume warms up again, it's too虚 like this. Long positions advantage? Why does it look like it's consolidating to me... If it can't break 0.042, just continue to trap, it's pointless. Where's the new buying pressure? Just waiting for this.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)