Acala Token (ACA) has swiftly risen to the top of our favorites list, and for good reason—its price action is nothing short of extremely bullish. The end of 2023 marked a significant turning point for ACAUSDT as it boldly broke free from a descending channel, setting the stage for an impressive journey.
Following the breakout, a substantial and extended pullback unfolded, only to be halted by the steadfast support of a simple uptrend trendline. This trendline also found solidarity with the top of the descending channel, which his a crucial intersection that showcased ACA's resilience.
Direct your attention to the supply/demand zone hovering near $0.09. Today, ACA is breaking above this zone, signaling a potential transformation into a demand area once more.
In the grand scheme of things, the stars are aligning for Acala, and we're anticipating a 75% price increase in the next month or two.
Following the breakout, a substantial and extended pullback unfolded, only to be halted by the steadfast support of a simple uptrend trendline. This trendline also found solidarity with the top of the descending channel, which his a crucial intersection that showcased ACA's resilience.
Direct your attention to the supply/demand zone hovering near $0.09. Today, ACA is breaking above this zone, signaling a potential transformation into a demand area once more.
In the grand scheme of things, the stars are aligning for Acala, and we're anticipating a 75% price increase in the next month or two.