The trading volume, both in $ACE and USDT, indicates active trading, with a 24-hour volume of 3.75M ACE and 11.51M USDT. The candlestick chart shows a recent price surge reaching a peak at $3.015, followed by a slight pullback. The Moving Average (MA) lines at 443.0 (5-day) and 1,863.2 (10-day) suggest that the recent price is above the short-term moving averages, typically indicating a bullish trend.
Overall, the current sentiment appears bearish with recent selling pressure, but the short-term trend may still be positive depending on how the price moves in the next few candles. It’s important to consider external factors and market news when analyzing the next steps.
