#BinancePizza
Based on the chart for ACM/USDT on Binance (1-hour timeframe), here’s a quick article plus analysis of the recent market movement:
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ACM/USDT Price Surge: What's Behind the Spike?
May 16, 2025 — Crypto News Update
ACM (AC Milan Fan Token) has posted a dramatic price spike in the past 24 hours, soaring 27.93% to $1.145 USDT. The token surged from a low of $0.881 to a high of $1.638, before settling slightly above the $1.10 mark. This sudden movement has caught the attention of traders and fan token enthusiasts alike.
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Technical Analysis
1. Bullish Breakout: The chart reveals a strong bullish breakout with a large green candlestick pushing through key resistance levels. The price briefly peaked at $1.638, marking a 24h gain of over 85% at its high.
2. Exponential Moving Averages (EMA):
EMA(9): 1.106
EMA(20): 1.037
The short-term EMA(9) has crossed above EMA(20), indicating a bullish crossover—a common signal of upward momentum.
3. RSI (Relative Strength Index):
RSI(6): 67.726
