ACT and PNUT Tokens Experience Significant Price Volatility, Facing Strong Resistance

Acet (ACT) and Peanut (PNUT) are experiencing significant price volatility, with both tokens facing strong resistance.

Acet (ACT) and Peanut (PNUT) encountered contrasting price movements on January 19, with both tokens facing resistance at crucial levels.

Acet (ACT) Price Analysis and Trading Insights

Over a 1-day period, ACT experienced a notable price decline. Starting at around $0.05387, the token fell to $0.04677, marking a 13.24% decrease. This downward trend continued throughout the day, with a brief price peak above $0.053 that quickly reversed into consistent declines.

The price action faced significant resistance near $0.05387. For ACT to shift into an upward trajectory, breaking through this resistance level is critical. The current price level of $0.04677 could act as short-term support, but a breach below this might trigger further declines.

24-hour trading volume for ACT stood at $973.07K, indicating a substantial decrease of 72.52%. This sharp reduction points to reduced market interest, contributing to potential price instability. The volume-to-market cap ratio at 128.18% highlights the high volatility associated with ACT, as it suggests notable trading activity relative to its market cap.

With a market cap of $757.05K, ACT remains relatively small, making it susceptible to rapid price changes. The 1-hour RSI reading of 44.78 suggests a neutral position, while the MACD indicator, trading below the signal line, hints at short-term downward pressure.

PNUT Market Performance and Key Levels

PNUT also encountered a sharp price decline over the past day. Starting near a peak of $2.1875, the token fell to $1.79, reflecting a 17.04% drop. This decrease included a significant plunge from the initial high, with volatile movements throughout the day.

The $2.1875 mark stands out as a strong resistance level. A clear break above this point would be needed for a bullish outlook. On the downside, the price touched a low around $1.60, suggesting potential support. Falling below this level could signal additional price weakening.

24-hour trading volume for PNUT was recorded at $3.28B, despite a reduction of 43.21% from prior levels. However, the 185.25% volume-to-market cap ratio signals robust trading activity, indicating continued high volatility.

PNUT’s current market cap is $1.79B, indicating its status as a larger market player. The fully diluted valuation (FDV) is close at $1.80B, showing that most tokens are already circulating. PNUT’s 1-hour RSI of 50.88 indicates a balanced market, while the MACD reading below the signal line hints at potential downward momentum.

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