ACA Price Breakout Retest Indicates Potential Short-Term Gains
Breakout and Retest: Acala (ACA) has broken out of a symmetrical triangle pattern, successfully retesting support levels between $0.0288 and $0.0310, which has shifted from resistance to support.
Price Targets: Short-term price targets for ACA are set at $0.0354, $0.0400, and $0.0417, with the current trading rate at $0.03215 and an 11.91% increase in the last day.
Market Resilience: ACA has shown strong performance compared to the broader market, maintaining higher lows and reflecting steady buyer participation despite selling pressure.
Future Outlook: The successful breakout and consolidation phase suggest that ACA is well-positioned for potential upward momentum, with traders optimistic about reaching the identified resistance levels.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
About the author
