ACT/USDT Eyes Major Breakout with Key Targets at $0.9098, $1.3189 

• ACT has bounced off strong support, forming a bullish rounded bottom pattern.  
• Key price targets suggest potential gains if momentum holds steady.  
• Traders are watching closely for a breakout to $0.9098 and higher.  

The ACT/USDT pair is showing strong signs of a probable bullish reversal, with the token currently trading at $0.4014 following a  24.12% surge. A closer look at the 24-hour graph reveals the formation of a rounded bottom structure, a classic market structure that signals the end of a bearish trend and the beginning of an ascending trajectory.  

This in-depth speculation highlights three projected price targets for the token: $0.9098, $1.0996, and $1.3189, respectively. These targets align with the technical indicators and suggest that  the coin has the potential to acquire  momentum in the coming weeks.

Fibonacci Retracement Levels Confirm Key Support

The study places particular emphasis on the importance of the 0.618 Fibonacci retracement level, which is often considered a golden zone for price reversals. The ACT token’s strong bounce from this level underscores its significance as a solid support area. At its lowest, ACT touched the 0.786 Fib level ($0.0038) before staging a dramatic recovery.

The rounded bottom structure seen on the daily chart has been carefully outlined, illustrating a clear shift in market sentiment. This formation suggests that ACT may be entering a new bullish phase, supported by both technical indicators and price action.

Bullish Targets and Price Projections

Rose Premium has projected three key price targets for ACT, with the first milestone set at $0.9098. If the bullish momentum persists, the token could rally further to $1.0996 and ultimately achieve the third target of $1.3189. These projections reflect a measured and data-driven approach, accounting for the token’s historical price behavior and technical patterns.

However, it’s important to note that the path to these targets may not be entirely smooth. The chart indicates potential resistance zones that could challenge the upward movement. Nevertheless, the confluence of a rounded bottom pattern and Fibonacci retracement levels adds credibility to the bullish outlook.

Market Reactions and Observations

The investor response to the analysis has been mixed, as evidenced by comments on social media. While some traders are optimistic about ACT’s future, others remain skewed due to its recent volatility. One user humorously remarked, “Down 11% on this. Wtf is going on?”—a sentiment that reflects the unpredictable nature of crypto markets.

On the other hand, notable figures in the trading community, such as Epic Trad, have expressed positive sentiments, further fueling speculation around the token’s potential. With such diverse reactions, it’s clear that ACT is a hot topic among traders and analysts alike.

Final Thoughts: A Token on the Verge of Transformation?

As ACT demonstrates signs of a bullish reversal, the key lies in whether it can maintain its momentum and break through the outlined price targets. 

Rose Premium’s analysis provides a compelling case for optimism, with the rounded bottom structure and Fibonacci retracement levels serving as strong indicators of future growth.