$ACE is down 30.1% in the last 24 hours, now trading at 0.136. It saw $74M in volume.
The price action hit 0.134, just above its 7-day low of 0.0951. It sits well below both its EMA20 (0.176) and EMA50 (0.187). RSI(14) is at 33, approaching oversold conditions.
The desk's read: this looks like a retest of its 7-day floor. If 0.134 holds, a bounce to the EMA20 is plausible. A break below 0.0951 would suggest further downside.
What would confirm a short-term bottom here?
$ACE
The price action hit 0.134, just above its 7-day low of 0.0951. It sits well below both its EMA20 (0.176) and EMA50 (0.187). RSI(14) is at 33, approaching oversold conditions.
The desk's read: this looks like a retest of its 7-day floor. If 0.134 holds, a bounce to the EMA20 is plausible. A break below 0.0951 would suggest further downside.
What would confirm a short-term bottom here?
$ACE