Brief Analysis ——ACHToday we have a brief analysis of two tokens. They are ACH and AGLD.
ACH had a strong pump in early 2023. After fluctuating for two months, ACH has fallen since May. Even so, ACH still retained some gains. Recently, price has continued to fall with fluctuation. Low trading volume contributes to reduced volatility. ACH is neutral on a large scale.
Conclusion: Mostly falling. On the way down, the bulls did not strengthen. Bears was stronger than bulls. And the price has a distance to the low on Jun.10. Therefore, we believe that the price has a high probability of maintaining a falling before reaching the green line. We set resistance level at 0.023 and support level at 0.016. In the short term, the bears will strengthen near the red dotted line 0.019 if the price rises.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
