Recently, ACT has experienced a sharp decline, with a drop of as much as 30 points, which undoubtedly has left many investors worried about its future trends, pondering what direction it will take next.

Not surprisingly, many people have again found themselves trapped in ATC. It is speculated that in the position ranges of 0.7U and 0.6U, the number of trapped investors is quite considerable. It is important to note that the price movements of meme coins are usually dominated by retail investor sentiment, and their K-line patterns tend to be relatively pure. Because of this, it is relatively easy to discover some clues about price changes by observing the K-line.

Looking back at ACT's previous trends, just a couple of days ago, its price started to rise sharply from 0.42, climbing all the way to around 0.8, almost doubling in value. This kind of price surge is often driven by strong emotional factors, and throughout ACT's upward movement, there was no significant support level. This situation is very similar to when Put was just launched, which achieved a threefold increase in one day, also lacking support levels, and these combined factors have directly led to the current significant decline of ACT.

From past experience, coins that exhibit stepped price increases tend to have stronger resilience, much like the recently well-performing Rui Bo coin. So, for the current ACT, what price level will it drop to in order to halt the decline? In my opinion, it is highly likely to drop to around 0.5 before starting its rebound journey. #ETH持续飙升 #XRP市值重回第三 #XRP解锁新趋势 #山寨季來了？ #AI与GameFi市场表现

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