HelenP. I Acet Token may make correction and then continue grow

Hi folks today I'm prepared for you Act Token analytics. If we look at the chart, we can observe a clear technical picture. For a considerable amount of time, the price was tightly compressed inside a large downward wedge, defined by a robust support zone at 0.0570 - 0.0550 and a descending trend line that put consistent pressure on the price. Such long consolidation periods often precede a powerful expansion. Recently, we have witnessed a decisive breakout from this wedge, confirmed by a strong impulse candle. This move signals a clear shift in market sentiment from neutral to bullish and invalidates the prior constraining structure. I believe that the momentum from this breakout will be sufficient to challenge the next major obstacle: the horizontal resistance zone at 0.0770 - 0.0790. This is a critical level to watch, as it has previously rejected price advances. My scenario implies that after potentially a small, healthy correction or retest, the price will continue its upward movement. A successful break above this critical area would confirm the newfound strength of the buyers and open up a clear path for further appreciation. For this reason, my primary goal, the logical target for this move, is set at the 0.0880 level. If you like my analytics you may support me with your like/comment ❤️
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🚀If you want became part of my trading team & start making big profits welcome to my paid VIP signals group, write me✏️ bit.ly/4grtzW3
❤️Welcome to my telegram channel👉🏼 bit.ly/418mk0x
ThinkMarket Ambasador Join & explore bit.ly/3YLyRVV
❤️Welcome to my telegram channel👉🏼 bit.ly/418mk0x
ThinkMarket Ambasador Join & explore bit.ly/3YLyRVV
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.