$ACE ‌

$ACE Makes a Strong Turnaround from the Bottom, Jumping 114% in 24 Hours ✨

ACE has made a powerful turnaround from its all-time low in the last 24 hours. The price has risen by approximately 114%, while trading volume has surged to 4.51 million USDT. This volume is several times higher than the average of previous days.

This move is driven by short-term speculative money. The price suddenly topped the list of top gainers, sparking debate on the Gate Square side. Some call it a dead cat bounce, others a trend reversal. Opinions are quite divided.

🔹 Price increase reached 114% in the last 24 hours
🔹 Trading volume exploded with 4.51 million USDT
🔹 Short-term speculative inflows are the main fuel of the movement
🔹 Technically, the RSI is in the overbought region at 83.7
🔹 Funding rate is at -0.965%, where shorts are paying longs

This chart tells us that the rise came very quickly and with great enthusiasm, but the indicators are now pointing to exhaustion. The overbought RSI and the negative funding rate increase the risk of chasing the upside. Profit taking and pullback pressure are quite high in the short term.

The current outlook for ACE is exciting, but it also requires caution. NFA 👉 DYOR 🔎

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