$ACT has recently experienced significant technical changes. From the decline starting on the 26th of last month, the price touched a local low in the past two days, with a drop of over 50%. Subsequently, within a week, the price entered a range-bound consolidation, with narrowing volatility. Today's performance is noteworthy — the price successfully broke through the nearly one-week high of the daily line, which usually indicates that an upward trend may be forming.

From market data, the contract open interest for $ACT is approximately $25 million, while the circulating market cap is close to $24 million. The ratio between open interest and market cap shows that large funds have already been significantly concentrated. This open interest structure, combined with today's price breakout, suggests that bullish opportunities may be emerging. In the short term, it is important to closely monitor the price's confirmation after reaching the new high.