🚀 Why did ACE coin explode today by +98%?
ACE coin (Fusionist project) saw a rocket-like surge today, surpassing the 0.21$ level, due to several key factors:
🔹 Liquidity and huge trading volume (Volume Spike): Trading volume exceeded 111 million ACE coins within just 24 hours, indicating strong inflows of liquidity and whale buying from the bottom.
🔹 Short squeeze: A sharp rebound from the historical low (0.0618$) led to the liquidation of short (futures) positions and forced speculators to buy in order to close their positions.
🔹 Strong technical breakout: The price broke above all moving averages (MA7, MA25, MA99) with a sharp bullish candle, which activated automated buy orders.
⚠️ Warning: A fast rally in a single candle carries high risk. Watch out for taking profits and sudden pullbacks—don’t chase the candle #web3gaming #Binance #cryptouniverseofficial #NewsAboutCrypto $ACE
ACE coin (Fusionist project) saw a rocket-like surge today, surpassing the 0.21$ level, due to several key factors:
🔹 Liquidity and huge trading volume (Volume Spike): Trading volume exceeded 111 million ACE coins within just 24 hours, indicating strong inflows of liquidity and whale buying from the bottom.
🔹 Short squeeze: A sharp rebound from the historical low (0.0618$) led to the liquidation of short (futures) positions and forced speculators to buy in order to close their positions.
🔹 Strong technical breakout: The price broke above all moving averages (MA7, MA25, MA99) with a sharp bullish candle, which activated automated buy orders.
⚠️ Warning: A fast rally in a single candle carries high risk. Watch out for taking profits and sudden pullbacks—don’t chase the candle #web3gaming #Binance #cryptouniverseofficial #NewsAboutCrypto $ACE