ACA Price Breakout Retest Indicates Potential Short-Term Gains
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
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.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
