ACE is currently around 0.192u, and has returned to the middle area to grind.
This coin surged from 0.095 to 0.378 within a week, then crashed back to 0.146. It bounced back to 0.25 yesterday, and today it’s back to around 0.19—after a fourfold move, now it’s all about emotional trading and turnover. How the price moves largely depends on how leverage players are behaving.
First, let’s talk about funds. Open interest in the futures jumped by 70% in a single day, but in the past 7 hours it shrank by nearly 20% again. The funding rate had 8 sampling checks in a row with not a single one positive—this suggests the entrants are leveraged speculative positions, not settled capital. They come quickly and leave quickly. On the spot side, net outflows over 3 hours, and none of the 12 sampled points were positive. Although there have been large orders coming in over the past 15 minutes, overall short-term funds are still withdrawing.
The price is now caught between the 15-minute MA20 (0.19) and MA50 (0.21). On the 4-hour chart the trend is still downward. The bullish candle that reached 0.25 yesterday has been eaten up by more than half. Volatility is maxed out, so both directions are easy to get slapped.
The only mildly bullish signal is that large holders’ positions are slightly net long and they’ve been increasing recently, plus the funding rate is negative enough—meaning there could theoretically be a short-covering scenario. But these are “possibilities,” not reasons to jump in right now.
My stance: at this level, neither chase longs nor chase shorts. After a massive high-volatility range, the middle position has the worst price-to-risk ratio. If you chase here, it’s easy to get swept back and forth. Wait for it to clearly show direction again—either reclaim and hold above 0.21, or break 0.18 with volume—then consider entering. For now, I’ll just watch.
#ace $ACE
This coin surged from 0.095 to 0.378 within a week, then crashed back to 0.146. It bounced back to 0.25 yesterday, and today it’s back to around 0.19—after a fourfold move, now it’s all about emotional trading and turnover. How the price moves largely depends on how leverage players are behaving.
First, let’s talk about funds. Open interest in the futures jumped by 70% in a single day, but in the past 7 hours it shrank by nearly 20% again. The funding rate had 8 sampling checks in a row with not a single one positive—this suggests the entrants are leveraged speculative positions, not settled capital. They come quickly and leave quickly. On the spot side, net outflows over 3 hours, and none of the 12 sampled points were positive. Although there have been large orders coming in over the past 15 minutes, overall short-term funds are still withdrawing.
The price is now caught between the 15-minute MA20 (0.19) and MA50 (0.21). On the 4-hour chart the trend is still downward. The bullish candle that reached 0.25 yesterday has been eaten up by more than half. Volatility is maxed out, so both directions are easy to get slapped.
The only mildly bullish signal is that large holders’ positions are slightly net long and they’ve been increasing recently, plus the funding rate is negative enough—meaning there could theoretically be a short-covering scenario. But these are “possibilities,” not reasons to jump in right now.
My stance: at this level, neither chase longs nor chase shorts. After a massive high-volatility range, the middle position has the worst price-to-risk ratio. If you chase here, it’s easy to get swept back and forth. Wait for it to clearly show direction again—either reclaim and hold above 0.21, or break 0.18 with volume—then consider entering. For now, I’ll just watch.
#ace $ACE