I will keep an eye on $ACT because it looks like a whale is acting directly on the chart 🐳
For now, this is just a simple theory, but there are several factors that support it.
CLICK HERE TO SEE THE CHART OF #ACT SPOT👇👇👇
CLICK HERE TO SEE THE CHART OF #ACT IN FUTURES 👇
Let me explain: these coins are low caps, they usually don’t have excessive retail interest, so it’s unlikely that buy orders are able to organically push a specific price.
As an example, we can take $BULLA or $ALLO —these are coins that always have retail interest, but they aren’t able to maintain high levels due to clear manipulation in those coins.
So what happens with #ACT ? Well, if you look closely, in a pretty obvious way it seems to be bouncing from a supposed support formed from a very low point of the drop. What started as a technical bounce ended up turning into a bullish move that looks fairly "organic".
In 24h it has $1M, the market cap is $9M, and open interest is $1.2M. That suggests it stays within the trading activity, but given the amount of capital, it seems to be in the hands of a few, and they’re pushing the price for a possible breakout.
LOOK: I SAID POSSIBLE 👈 it doesn’t mean it will happen for sure, so think and draw your own conclusions
For now, this is just a simple theory, but there are several factors that support it.
CLICK HERE TO SEE THE CHART OF #ACT SPOT👇👇👇
CLICK HERE TO SEE THE CHART OF #ACT IN FUTURES 👇
Let me explain: these coins are low caps, they usually don’t have excessive retail interest, so it’s unlikely that buy orders are able to organically push a specific price.
As an example, we can take $BULLA or $ALLO —these are coins that always have retail interest, but they aren’t able to maintain high levels due to clear manipulation in those coins.
So what happens with #ACT ? Well, if you look closely, in a pretty obvious way it seems to be bouncing from a supposed support formed from a very low point of the drop. What started as a technical bounce ended up turning into a bullish move that looks fairly "organic".
In 24h it has $1M, the market cap is $9M, and open interest is $1.2M. That suggests it stays within the trading activity, but given the amount of capital, it seems to be in the hands of a few, and they’re pushing the price for a possible breakout.
LOOK: I SAID POSSIBLE 👈 it doesn’t mean it will happen for sure, so think and draw your own conclusions
