ACT: Double Bottom Forms Near 0.0082 Support
ACT stabilizes after sell-off with double bottom at 0.0082. Falling wedge caps gains while 4h chart shows neutral RSI and MACD golden cross at $0.01.
SourceAnalysis
ACT stabilizes after a sharp sell-off, forming a potential double bottom at the 0.0082 zone that signals fading selling pressure.
Traders must reclaim higher levels to confirm reversal, or risk invalidation below 0.0082 that opens the path to 0.0073. Price trades inside a falling wedge where the upper trendline blocks upside attempts.
On the 4h chart, ACT holds at $0.01 with EMA50 and EMA200 both acting as concrete support at the same level while price sits inside the Bollinger band. RSI at 51.91 remains neutral and MACD prints a bullish golden cross, yet the structure keeps recovery tentative until a wedge breakout occurs.
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