$ACE The cryptocurrency market experienced notable volatility as the Fusionist (ACE) token plunged by 26.0%, dropping its trading price from $10.50 down to $7.77 within a short 24-hour span. This sudden decline saw daily trading volume spike by 45% to $85 million as sell-offs intensified, wiping out approximately $32 million from its total market capitalization. Key factors driving this downward movement include $12.4 million in leveraged long liquidations across major exchanges, paired with broader market pressure where Bitcoin fell by 4.2%. The token broke past its primary support level at $9.00, testing new local lows before stabilizing near $7.80. While high-volume liquidations and aggressive profit-taking caused short-term disruption, market analysts are closely monitoring the $7.50 support threshold to determine whether a trend reversal or further consolidation will occur in the coming trading sessions.