ACT TOKEN - Price can fall to support area and then bounce upHi guys, this is my overview for ACTBUSD, feel free to check it and write your feedback in comments👊
The price was trading within a descending channel for a considerable period.
The asset consistently found support at the lower boundary of this formation, within the 0.0590 - 0.0570 price zone.
Recently, a strong upward impulse allowed the price to break out from the upper boundary of the channel.
Following the breakout, the price executed a corrective move back to the broken resistance line, successfully retesting the 0.0730 - 0.0750 area.
This zone is now acting as a new support level, and the price has begun to move upwards from it, showing renewed buyer strength.
I expect that the asset will continue its growth from this support. My first target is set at the 0.0860 level, with the second target at 0.0970 points.
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