Solana-Based Meme Coin ACT Targets 200% Rally Amid Crypto Volatility
The meme coin sector, particularly the ACT meme coin, is experiencing volatility as Bitcoin's price faces potential corrections. New launches like Official Trump and Melania Meme on the Solana network are altering market dynamics.
Key points include:
- AI-focused meme coins have risen significantly, with a 12% increase in net valuations to approximately $4.2 billion and a 24-hour trading volume of around $2 billion.
- The altcoin sector has seen losses exceeding 10% following Bitcoin's support level testing around $91k.
- Despite bearish trends, ACT shows midterm bullish indicators, with expectations for a possible 200% price rally.
- For sustained growth, ACT must consistently close above resistance levels between 37 cents and 44 cents; otherwise, it may drop to about 14 cents before an upward rebound.
- ACT has developed a community of over 36,000 holders and attracted substantial liquidity, with over 18,000 SOL locked in its DEX pools.
- Unicorn Verse has partnered with ACT to improve liquidity management, supported by prominent web3 investors.
- Market sentiment anticipates an altseason upon the reversal of the ETH/BTC pair from its multi-year downtrend.