$ACT Next Psychological target:
Based on the chart and the recent price movement, the next possible targets for ACT/USDT could be identified by analyzing the following levels:
1. Immediate Resistance (Short-Term):
Since the recent high was around $0.5288, this level acts as the immediate resistance. If ACT can break above this, it could indicate the potential for further upward movement.
2. Psychological Target of $0.6:
If momentum remains strong, the next psychological target could be around $0.6. This is often a significant level as whole numbers tend to be areas of psychological resistance.
3. Higher Target ($0.75 - $0.8):
If ACT sustains its upward momentum and breaks through $0.6 with strong volume, the next range to watch might be around $0.75 to $0.8, where sellers might start taking profits again.
For a more accurate analysis, you could consider using tools like Fibonacci retracement, volume analysis, and monitoring broader market trends, as these can provide further insight into potential resistance and support levels.
Remember to set a stop-loss and manage your risk carefully, as high volatility can result in quick reversals.
