Acala (ACA) Maintains Support as Bulls Aim for $0.0417
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Breakout and Retest: Acala (ACA) has successfully broken out of a symmetrical triangle pattern, retesting support levels between $0.0288 and $0.0310, which now serve as bullish 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 reflecting an 11.91% increase in the last day.
Market Resilience: ACA has shown strong performance compared to other altcoins during market retracements, maintaining higher lows and indicating potential leadership in the sector.
Technical Confirmation: The breakout and subsequent retest have provided technical confirmation of bullish sentiment, with ongoing buyer participation suggesting further upward momentum is likely.
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.
