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The Act I: The AI Prophecy price crashed 64% in the last 24 hours to trade at $0.07049 as of 5:06 a.m. EST on trading volume that skyrocketed 3,042% to $835 million.
This comes after Binance found that 3 VIP users heavily sold ACT tokens, affecting the market. The decline, according to Binance, prompted liquidations among some futures traders and affected other tokens.
Findings to ACT & other tokens' decline today: 👇
Our investigation revealed that small-cap token declines were triggered by three VIP users cross-selling tokens worth 514,000 USDT and a non-VIP user selling 540,000 USDT worth of ACT in the spot market. This led to futures…
— ShirleyXBT (@ShirleyXBT) April 1, 2025
Meanwhile, Binance continues to investigate the decline and advises users on risk management.
Act I: The AI Prophecy Price Analysis
The ACT price reveals a clear bearish trend following a significant price spike in the past.
The price action formed a descending triangle pattern, a bearish continuation structure characterized by a horizontal support level and a downward-sloping resistance line.
Over the past months, the Act I: The AI Prophecy price continuously tested the support level but failed to break out to the upside, according to GeckoTerminal data.
Recently, the price of Act I: The AI Prophecy decisively broke below the horizontal support level, confirming the bearish outlook of the pattern. This suggests that sellers have regained control, and further downside could be expected.
The 50-day Simple Moving Average (SMA), plotted on the chart, has been trending downward, acting as dynamic resistance. ACT has remained consistently below this moving average, indicating a persistent bearish momentum.
The Relative Strength Index (RSI) is currently at an extreme low of 10.71, signaling that the asset is in deep oversold territory.
Will ACT Token Continue Dropping Or Bounce?
Given the strong breakdown from the descending triangle pattern, the bearish momentum is likely to persist.
The Act I: The AI Prophecy price could continue declining toward the next psychological support level, potentially around $0.05 or lower if selling pressure remains strong.
However, if ACT buyers step in to absorb the selling pressure, a short-term bounce could occur, potentially retesting the previous support level as new resistance around $0.10.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL) for potential Bitcoin airdrops. 99Bitcoins, a prominent YouTube channel with over 725k subscribers, says BTCBULL could soar 10X after launch.
BTC Bull Token Presale Closing On $5 Million
In one of the strongest presale showings of the year, new meme coin BTC Bull Token just rocketed past the $4.3 million raised in its ongoing token presale.
Investors are piling into BTCBULL with the goal of earning real Bitcoin rewards. The project has promised to airdrop BTC to BTCBULL token holders when the original cryptocurrency reaches certain price milestones.
As Bitcoin marches toward the $1 million target, BTC BULL Token holders will get rewarded along the way. Investors who hold BTCBULL in Best Wallet will receive free BTC airdrops when the Bitcoin price hits $150k and $200k for the first time.
🚨 $BTCBULL is Live in Upcoming Tokens! 🚨@BTCBULL_TOKEN is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new price levels.
With built-in incentives for buying, holding, and trading, $BTCBULL gives holders a new way to stack BTC.… pic.twitter.com/BMzBHcLltU
— Best Wallet (@BestWalletHQ) February 10, 2025
There will also be a massive BTCBULL airdrop for the strongest hodlers when BTC hits $250,000, weighted by ”Community Sale purchase amount.”
In addition to BTC airdrops, the team will also carry out token burns, permanently removing a portion of the total supply. The aim is to follow in Bitcoin’s footsteps and increase scarcity and value.
Bitcoin Bull token holders can also earn passively by staking their tokens for a 96% annual yield (APY).
Investors interested in participating in the presale can visit the official BTC Bull Token website to buy BTCBULL for $0.00244 each using BNB, ETH, USDT, or a bank card.
Buy BTCBULL before a price hike in less than a day to secure the best deal.
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