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The ACT coin was truly magnificent last year; who would have thought that it would plunge all the way down from its peak, now experiencing a 50% Slump of over 500 times? Just looking at this fall is painful. However, it makes one ponder—has it fallen too much?
I’ve been watching the K-line for several days and found that it has formed a descending wedge. If this thing breaks upwards, based on technical analysis, a rebound of 3 to 5 times is not a dream. Recently, the altcoin sector has shown some signs of restlessness, and ACT's trading volume has started to pick up, with contract positions rising sharply — but the coin price? It just won’t budge. This divergence is quite unusual.
I have placed some long orders around 0.02 myself. I don't expect to capture the entire wave, but the odds at this position are indeed favorable. Of course, altcoins are highly volatile, so everyone should act according to their capabilities.