🚀 $ACE/USDT Shows Strong Bullish Momentum with Massive Green Candle💥
The $ACE/USDT pair is making headlines today as strong buying momentum pushes the price higher, registering a notable +24.12% gain, currently trading at $0.669.
🔑 Key Highlights:
• Current Price: $0.669
• 24h Change: +24.12%
• 24h High: $0.955
• 24h Low: $0.536
• 24h Volume: 73.86M ACE/55.16M USDT
• Recent Low: $0.484
📊 Technical Analysis:
• Strong Breakout: ACE surged from a base of around $0.48–$0.56, printing a massive green candle that tested a high of $0.955 before settling back to $0.669.
• Moving Averages: The price has convincingly crossed above the 7-day ($0.539), 25-day ($0.535), and 99-day ($0.547) moving averages, signaling a potential trend reversal.
• Volume Spike: Daily volume skyrocketed to 67.8M, reflecting strong participation from both retail and institutional buyers.
• MACD Indicator: The MACD has turned positive (MACD: 0.014), suggesting bullish momentum is building.
• RSI: Currently trending in the overbought zone (above 70), which could indicate short-term profit-taking ahead.
📈 Market Sentiment:
The breakout above resistance and strong volume confirms bullish sentiment in the short term. However, traders should watch for:
• Immediate resistance: $0.955 (recent intraday high).
• Support zones: $0.56 and $0.48 (previous lows).
If $ACE sustains above the $0.65–$0.67 support zone, it could retest $0.95 and potentially break into new highs.
⚠️ Risk Note:
With such rapid price movement, volatility is expected. Traders should apply proper risk management, as sharp pullbacks are common after parabolic moves.
📌 Summary:
ACE/USDT is showing strong bullish momentum with a breakout candle backed by high volume. If buyers maintain control, a retest of $0.95+ could be on the horizon. Watch support levels carefully in case of a retracement.
👉DYOR to make the next move!
