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Recently, several cryptocurrencies in the market have shown noteworthy trends, with technical indicators indicating a clear bearish pattern.
Regarding ACT, the daily chart shows persistent weak oscillation. Buying momentum is clearly insufficient, and the bulls lack upward strength, presenting an overall sluggish pattern. From the current technical perspective, the subsequent trend is unlikely to be optimistic, and it is expected to enter a daily-level decline consolidation phase, with target areas potentially below 0.025.
GUA's four-hour correction is nearing completion, and a trend reversal is imminent. The overall trend remains dominated by bears, and combined with the continued weakening of the rebound strength, breaking below support levels is only a matter of time. In this environment, engaging in short positions is relatively straightforward, with a focus on the breakout from consolidation zones.
LIGHT's situation is relatively special. Such tokens often undergo manipulation by large traders, and subsequently tend to cycle between sideways movement and sharp declines. It has been consolidating for four days, with technical indicators nearing full recovery. A new downward cycle is about to begin, with particular attention to a break below the 0.5 level. It is important to note that blindly bottom-fishing in a strong downtrend is often futile, and the lack of clear support below can easily lead to losses.