$ACE
After rebounding from the low 0.13–0.15, it surged up and then pulled back. It reached as high as 0.205–0.208. Now the current price is hovering around 0.19. The gains are steadily trapped in the +20% to +30% range. Trading volume has exploded directly, and the contract trading value easily reaches the 100M+ level (in the order of hundreds of millions). OI also rises along with it.
From the short-term candlestick chart: the 15m and 1h charts have already formed a steep rising channel, with consecutive bullish candles pushing higher. But the 15m RSI has jumped straight to 70+, clearly overbought. The number of upper wicks has started to increase, suggesting that someone is distributing at high levels.
On the 1h timeframe, it’s still relatively healthy (RSI a little above 60). The 4h and daily structure overall is still bullish. EMA9 and EMA50 are both below price acting as support. The daily ADX is also fairly strong, so the trend hasn’t broken yet.
- The first resistance overhead is at 0.205 (yesterday’s high + dense traded area); the second at 0.22 (a previous gap / psychological level); the third at 0.24–0.25 (bigger resistance).
- The first support below is at 0.18 (retested multiple times today and held). The second at 0.16–0.165 (a previous breakout point + near the MA). The third at 0.14–0.15 (major bottom support; if it breaks, things look ugly).
In terms of volume and price action: the rally came with very strong volume, but recently the 1h chart has started shrinking volume and moving sideways, as if waiting for someone to take positions at the highs or waiting for an unlocking to land.
Today is also the unlocking day for about 2.97M ACE (total supply around 2%, worth several hundred thousand USD). The earlier Bitget PoolX airdrop has just ended as well, so there’s a non-trivial risk of loose tokens / circulating supply.
On the news front, there’s no particularly big new official catalyst pushing it up—this is mainly technicals plus a funds/risk positioning game.
Trading advice still leans bearish:
At around 0.19–0.195, try shorting directly, or wait for a rebound to 0.20–0.205 to short more safely.
Stop loss: around 0.225.
Take profit in batches:
First target: 0.16
Second: 0.14
Third: rally to 0.12 or even lower.
If it breaks below 0.18, you can add to the position; if it holds 0.16, keep holding.
If suddenly there’s a high-volume breakout and it stands above 0.21, and holds there, then cut the short early—don’t fight it hard.
Low-market-cap contract volatility is high; manage leverage well and set strict stop losses. The market can flip in a second—adjust by watching the chart.
DYOR！
After rebounding from the low 0.13–0.15, it surged up and then pulled back. It reached as high as 0.205–0.208. Now the current price is hovering around 0.19. The gains are steadily trapped in the +20% to +30% range. Trading volume has exploded directly, and the contract trading value easily reaches the 100M+ level (in the order of hundreds of millions). OI also rises along with it.
From the short-term candlestick chart: the 15m and 1h charts have already formed a steep rising channel, with consecutive bullish candles pushing higher. But the 15m RSI has jumped straight to 70+, clearly overbought. The number of upper wicks has started to increase, suggesting that someone is distributing at high levels.
On the 1h timeframe, it’s still relatively healthy (RSI a little above 60). The 4h and daily structure overall is still bullish. EMA9 and EMA50 are both below price acting as support. The daily ADX is also fairly strong, so the trend hasn’t broken yet.
- The first resistance overhead is at 0.205 (yesterday’s high + dense traded area); the second at 0.22 (a previous gap / psychological level); the third at 0.24–0.25 (bigger resistance).
- The first support below is at 0.18 (retested multiple times today and held). The second at 0.16–0.165 (a previous breakout point + near the MA). The third at 0.14–0.15 (major bottom support; if it breaks, things look ugly).
In terms of volume and price action: the rally came with very strong volume, but recently the 1h chart has started shrinking volume and moving sideways, as if waiting for someone to take positions at the highs or waiting for an unlocking to land.
Today is also the unlocking day for about 2.97M ACE (total supply around 2%, worth several hundred thousand USD). The earlier Bitget PoolX airdrop has just ended as well, so there’s a non-trivial risk of loose tokens / circulating supply.
On the news front, there’s no particularly big new official catalyst pushing it up—this is mainly technicals plus a funds/risk positioning game.
Trading advice still leans bearish:
At around 0.19–0.195, try shorting directly, or wait for a rebound to 0.20–0.205 to short more safely.
Stop loss: around 0.225.
Take profit in batches:
First target: 0.16
Second: 0.14
Third: rally to 0.12 or even lower.
If it breaks below 0.18, you can add to the position; if it holds 0.16, keep holding.
If suddenly there’s a high-volume breakout and it stands above 0.21, and holds there, then cut the short early—don’t fight it hard.
Low-market-cap contract volatility is high; manage leverage well and set strict stop losses. The market can flip in a second—adjust by watching the chart.
DYOR！