$ACE is climbing again after defending the 0.275 level, and the 15m structure is showing a steady shift back toward buyers. The earlier spike into 0.310 attracted immediate profit taking, but the pullback held above the 25MA and never broke the short term trend that started from the 0.248 base. That tells us the dip was more of a reset than a reversal.
Volume has picked up on the latest bounce, which confirms fresh participation rather than passive drift. There is no sign of forced liquidations or leveraged blowouts in this move. Funding across perp markets remains stable, which means the trend is being carried by spot demand and tactical intraday buyers instead of crowded long positions.
Liquidity behavior has been clean. The area around 0.294 to 0.310 continues to act as the main resistance pocket where sellers are placing size. Each approach into that zone has triggered a reaction, so bulls need a strong expansion candle to break through it. On the downside, 0.270 to 0.275 is the key support that keeps the structure intact. As long as ACE stays above this zone, traders will lean toward continuation.
Positioning right now shows buyers stepping back in with confidence. The moving averages are aligned bullishly and price is reclaiming them with strength. If ACE compresses under resistance with sustained volume, the next push into the 0.310 area becomes likely. A breakout above that level would open the path toward the next liquidity cluster near 0.325.
For now, ACE is in a constructive intraday trend with healthy rotations and rising volume. The market is showing signs of renewed momentum as long as support continues to hold and sellers fail to force a deeper breakdown.
