$ACT just broke out of a month long downtrend.
It's up 10.07% at 0.00973, with a 24h high of 0.00990 and a low of 0.00860. Price has flipped everything bullish on the 4h. It's now above the EMA(7) at 0.00921, the EMA(25) at 0.00878 and the EMA(99) at 0.00873, and the Supertrend flipped from red to green and sits at 0.00810 as support.
The structure is clean. It bottomed at 0.00796, built higher lows through the week, and the last few candles are a straight climb into the 0.00990 high. RSI(6) is at 81.76, hot and overbought, so a pause would be normal here.
Volume backs it. 24h volume is 223.90M ACT, and the latest bar prints 43M against a MA(5) of 38M and a MA(10) of 27.3M, so participation is rising with price, not fading.
The bigger picture is still a recovery. 7 day is up 13.54%, but 30 day is down 11.38%, 180 day is down 39.57% and 1 year is down 45.03%. Binance also has the Monitoring tag on it.
A close above 0.00990 on volume confirms the breakout. Losing the EMA(7) at 0.00921 would be the first warning, and the Supertrend at 0.00810 is the line that keeps the move alive.
$ACT
It's up 10.07% at 0.00973, with a 24h high of 0.00990 and a low of 0.00860. Price has flipped everything bullish on the 4h. It's now above the EMA(7) at 0.00921, the EMA(25) at 0.00878 and the EMA(99) at 0.00873, and the Supertrend flipped from red to green and sits at 0.00810 as support.
The structure is clean. It bottomed at 0.00796, built higher lows through the week, and the last few candles are a straight climb into the 0.00990 high. RSI(6) is at 81.76, hot and overbought, so a pause would be normal here.
Volume backs it. 24h volume is 223.90M ACT, and the latest bar prints 43M against a MA(5) of 38M and a MA(10) of 27.3M, so participation is rising with price, not fading.
The bigger picture is still a recovery. 7 day is up 13.54%, but 30 day is down 11.38%, 180 day is down 39.57% and 1 year is down 45.03%. Binance also has the Monitoring tag on it.
A close above 0.00990 on volume confirms the breakout. Losing the EMA(7) at 0.00921 would be the first warning, and the Supertrend at 0.00810 is the line that keeps the move alive.
$ACT
