๐ ACE/USDT: Momentum Bullish Strengthens, But Starts Approaching the Overbought Zone
ACE/USDT recorded a very strong increase of 58.12% in 24 hours and is now around 0.24289.
On the 4-hour timeframe, the price moves above the MA7, MA25, and MA99, indicating an increasingly bullish trend structure. The price is also nearing the upper Bollinger Band at 0.24739, suggesting buy pressure remains aggressive.
The RSI is at 78.43, so ACE has entered the overbought zone. This condition does not automatically mean the price must fall, but the risk of profit-taking and a pullback is getting higher.
MACD is still positive with a green histogram, confirming that buyer momentum has not fully weakened. Volume also remains high, showing that market interest is still strong.
The main resistance is around 0.25222.
If this level is broken with strong volume, the opportunity to continue the uptrend remains open. Meanwhile, the 0.218โ0.208 area could become an initial support during a correction.
In my opinion, ACE is interesting to monitor, but you should not FOMO after a sharp surge.
$ACE
#Write2Earn #trading #BinanceSquare #BinanceSquareFamily #TechnicalAnalysis
ACE/USDT recorded a very strong increase of 58.12% in 24 hours and is now around 0.24289.
On the 4-hour timeframe, the price moves above the MA7, MA25, and MA99, indicating an increasingly bullish trend structure. The price is also nearing the upper Bollinger Band at 0.24739, suggesting buy pressure remains aggressive.
The RSI is at 78.43, so ACE has entered the overbought zone. This condition does not automatically mean the price must fall, but the risk of profit-taking and a pullback is getting higher.
MACD is still positive with a green histogram, confirming that buyer momentum has not fully weakened. Volume also remains high, showing that market interest is still strong.
The main resistance is around 0.25222.
If this level is broken with strong volume, the opportunity to continue the uptrend remains open. Meanwhile, the 0.218โ0.208 area could become an initial support during a correction.
In my opinion, ACE is interesting to monitor, but you should not FOMO after a sharp surge.
$ACE
#Write2Earn #trading #BinanceSquare #BinanceSquareFamily #TechnicalAnalysis