Fusionist rose 22.9% in 24 hours due to a gaming event conclusion and exchange listing momentum, amplified by bullish technicals and broader crypto market gains.
Game event rewards (July 7–11) drove engagement and speculative buying.
INDODAX listing (June 26) expanded accessibility to 5M+ Indonesian users.
Technical breakout above key resistance fueled momentum.
Deep Dive
1. Primary Catalyst
The Echoes of Hyperspace in-game event (July 7–11) concluded with rewards in $ACE, Community Points, and Mech Cores. Players competed to shape the next “Mech War,” likely triggering last-minute participation and speculative accumulation. The event’s July 11 end date aligns tightly with the 24-hour price surge.
2. Supporting Factors
INDODAX listing: Indonesia’s largest exchange added ACE on June 26, broadening its investor base. While the initial deposit phase passed, trading volumes spiked 299.55% in 24 hours, suggesting renewed interest from the platform’s 5M+ users.
Market tailwinds: The crypto market rose 4.28% in 24 hours, with altcoin sentiment improving (Altcoin Season Index up 25% weekly).
3. Technical Context
Breakout: ACE surged past the 23.6% Fibonacci retracement ($0.581) and 7-day SMA ($0.487), with RSI (7-day) at 65.54 signaling bullish momentum without overbought conditions.
Volume confirmation: 24-hour trading volume hit $43.5M (+299.55%), validating the move’s legitimacy.
Conclusion
ACE’s rally reflects a blend of event-driven demand, exchange-driven liquidity, and technical momentum. With the RSI still below overbought thresholds, watch whether the 38.2% Fibonacci level ($0.555) becomes support.
Could sustained gaming engagement offset profit-taking after the event’s conclusion?