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Steve Muchoki
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Key Notes
- The ACT meme coin announced a strategic partnership with Unicorn Verse to enable liquidity management.
- ACT price has signaled a potential bullish breakout from a falling trend in the near future.
The meme coin industry, including Act I The AI Prophecy ACT $0.19 24h volatility: 3.5% Market cap: $180.66 M Vol. 24h: $50.31 M , has experienced heightened volatility in the recent past as Bitcoin BTC $97 062 24h volatility: 1.0% Market cap: $1.92 T Vol. 24h: $31.65 B price teases further short-term correction. The recent strategic launch of Official Trump TRUMP $17.35 24h volatility: 2.1% Market cap: $3.46 B Vol. 24h: $1.76 B and Melania Meme MELANIA $1.42 24h volatility: 1.1% Market cap: $213.11 M Vol. 24h: $54.67 M on the Solana SOL $196.8 24h volatility: 1.6% Market cap: $96.05 B Vol. 24h: $3.00 B network has significantly changed the membership dynamics.
However, the AI-focused meme coins have gained significant momentum as China’s DeepSeek destabilized the US dominance in the emerging tech sector. According to market data from Coingecko, top AI-focused meme coins by market cap recorded a 12 percent gain in net valuations to hover at about $4.2 billion and a 24-hour average trading volume of about $2 billion.
ACT Meme Coin Overcomes Crypto Bearish Sentiment
Since Bitcoin price teased the support level around $91k earlier this week, the altcoin industry has recorded losses of more than 10 percent. With the fear of further crypto correction, amid the tariff wars between the United States and China, on-chain data shows whale investors have been exiting the market and not buying the dip.
However, ACT meme coin has been showing midterm bullish sentiment, after being trapped in a falling channel since mid-November 2024. According to crypto analyst alias Captain Faibik, ACT price is on the cusp of breaking out of a descending channel with a target of at least a 200 percent rally in the near future.
$ACT is once again Looks Promising for the Descending Channel Breakout..
Still Expecting 2x Bullish Rally in the Coming Days..📈#Crypto #ACT #ACTUSDT pic.twitter.com/eC92iy7gjL
— Captain Faibik 🐺 (@CryptoFaibik) February 4, 2025
However, ACT price against the US dollar in the daily time frame must consistently close above the resistance range between 37 cents and 44 cents to invalidate the multi-week falling trend.
In case of further bearish sentiment, ACT price could drop toward the support level of around 14 cents before rebounding towards a new all-time high.
Improving Fundamentals
The ACT meme coin has grown to a vibrant online community, consisting of more than 36k on-chain holders. Having grown from the Pump.fun platform, ACT meme coin has attracted reputable market makers with deep liquidity. As of this writing, the ACT/SOL pool on different DEXes, led by Raydium, has over 18K SOL locked.
In a bid to ensure a sustainable future, Unicorn Verse, a well-funded strategic investment firm, announced a partnership with the ACT meme coin to enhance its liquidity management.
With the strategic backing from top web3 investors, led by Marc Andreessen, ACT is well positioned to grow exponentially in the coming months.
Moreover, the much-anticipated altseason will kick start as soon as the ETH/BTC pair reverses from the multi-year falling trend. Already, Eric Trump, the executive vice president of the Trump Organization, believes now is the best time to distribute Bitcoin profits to the altcoin industry led by Ethereum.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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