Act I Price Analysis: The AI Prophecy ($ACT), Any Bullish Rally Signals?

Bittime - Act I Price Analysis : The AI Prophecy ($ACT), Any bullish rally signals? In the cryptocurrency world, rapid price fluctuations often present interesting investment opportunities.

$ACT Token on the Rise

One token that has recently been in the spotlight is Act I: The AI Prophecy ($ACT). Technical charts suggest a potential bullish rally after the token successfully bounced off a key support level.

This article will explore the technical analysis of the $ACT price chart, identify important levels, and explore possible future moves.

Also read What is Act I The AI Prophecy (ACT) Token and Why is its price rising?

Technical Analysis of Act I Price: The AI Prophecy ($ACT)

Sumber: CoinsProbe

1. Bounce from Support Level

Currently, $ACT is trading around $0.75 (IDR11,775), which is a strong support area in the $0.74-$0.75 (IDR11, 618-IDR11,775) zone. Some of the key technical indicators supporting the bullish outlook are:

Higher Lows

The higher lows pattern on the 1-hour chart indicates accumulated buying, usually a solid bullish signal.

Moving Average Cross

A moving average cross around $0.736 (IDR11,535) indicates the beginning of a short-term bullish trend. As long as the price stays above this level, the upside potential is maintained.

Potential Targets

If the bullish momentum continues, the next resistance target is around $1.10 (IDR17,270), providing upside potential of up to 47% from current levels.

2. RSI and Market Momentum

The Relative Strength Index (RSI) indicator is at 51.75, close to the neutral zone.

This gives room for prices to rise before reaching overbought levels, allowing bulls to keep control of the market.

3. $ACT Price Movement Forecast

Key Support Levels

$0.6688 (IDR10.504) - this level must be maintained to avoid a bearish trend.

Bullish Targets

Major resistance at $1.10 (IDR17,270) is a short-term upside target.

However, crypto market volatility remains a challenge, so it is important to monitor this technical level closely.

Also read Act I Token Price Prediction: The AI Prophecy (ACT) 2024 and 2025

Is $ACT Bullish Rally on the Horizon?

Based on the technical indicators, the chances of a bullish rally for $ACT are quite strong.

However, investors need to be cautious of a potential short correction, especially if the price drops below critical support levels.

$ACT to IDR via Bittime Market

Monitoring the support zone at $0.6688 (IDR10,504) and resistance at $1.10 (IDR17,270) is crucial to determine the next move.

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