ACT has recently had a good run, and is now in a digestion phase. The price is fluctuating around 0.0394, just below the 7-hour moving average (about 0.0396), while the 25-hour and 99-hour moving averages are at 0.0363 and 0.0292 respectively. From this position, long positions still have a slight advantage, but caution is needed.

If it can break cleanly and decisively through the range of 0.042 to 0.045 (with the recent high point around 0.0429), then it is likely to head towards the range of 0.046 to 0.05. Conversely, the support level below is around 0.037 to 0.035, with stronger support near the 99-hour moving average around 0.029.

The trading volume significantly increased during that breakout, and has now retraced. Whether the market can continue to rise next depends on whether new buying can follow up, and it also needs to regain the short-term moving averages and recent highs. For now, we need to wait for clearer signals.