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ACT these days has indeed attracted attention—the 24-hour surge of 18%. But what exactly is driving this movement? Let's break it down.
**Technical indicators are indeed speaking**
From the moving average combination, EMA7, EMA25, and EMA99 form a beautiful bullish alignment, and EMA7 crossed above EMA25 around 12 PM, indicating that short-term buyers are indeed gaining strength. The MACD also cooperates well, with the lines crossing the signal line at the same time, and the histogram turning positive and expanding. Such signals are quite strong in the short term.
**But the overbought warning lights are already on**
RSI6 has reached 87.24, and RSI12 is at 75.57. Both values are deep into the overbought zone. In other words, this upward momentum is somewhat aggressive, increasing the risk of short-term correction or consolidation. The price has already approached the upper Bollinger Band at 0.0467 (currently around 0.0464), which could encounter resistance.
**Volatility is increasing**
ATR has reached 0.00179925, and the standard deviation is also at 0.00097077, indicating that market volatility has significantly increased. This means that whether it's a rebound or a pullback, the movements could be quite rapid and unpredictable.
**Community enthusiasm is real**
The rebound from 0.0380, along with whale accumulation and the story of AI+MEME, has generated a strong bullish sentiment within the community. However, this heat can also be a double-edged sword—easily fueling chasing high emotions.
Overall, ACT is currently in a technically strong position, but the overbought condition suggests caution in the short term.