The ACT/USDT token is showing signs of a probable bullish reversal, trading at $0.4014 after a 24.12% surge. The rounded bottom structure suggests an end to the bearish trend and a start of an upward trajectory.
Fibonacci and Key Support Levels
The study places significant emphasis on the 0.618 Fibonacci retracement level, considered a golden zone for price reversals. ACT's strong bounce from this level underscores its significance as a robust support area. At its lowest, ACT reached the 0.786 Fib level ($0.0038) before showing a dramatic recovery.
Bullish Targets and Price Projections
Rose Premium projects three key price targets for ACT: $0.9098, $1.0996, and $1.3189. These projections reflect a measured approach, considering the token’s historical price behavior and technical patterns. The path to these targets may not be entirely smooth, as potential resistance zones could challenge the upward movement. Nonetheless, the combination of a rounded bottom pattern and Fibonacci retracement levels reinforces the bullish outlook.
Market Reactions and Observations
Investor responses to the analysis have been mixed, as evidenced by comments on social media. While some traders are optimistic about ACT’s future, others remain skeptical due to its recent volatility. One user humorously remarked, 'Down 11% on this. Wtf is going on?'—a sentiment reflecting the unpredictable nature of crypto markets. On the other hand, notable figures in the trading community, like Epic Trad, have expressed positive sentiments, further fueling speculation around the token's potential.
As ACT shows signs of a bullish reversal, the key lies in maintaining its momentum and breaking through the outlined price targets. Rose Premium's analysis offers a compelling case for optimism, with the rounded bottom structure and Fibonacci retracement levels serving as strong indicators of future growth.
