📈 $ACM Soars 6.88% in 24H — Breakout + Low Impact Unlock Drives Surge! 🚀
$ACM saw a sharp rally fueled by a technical breakout and a low-impact token unlock, with trading volume surging over 200% to hit $6.36M.
🔍 Breakdown:
✅ Clean breakout above 7D SMA ($0.778) and EMA ($0.791)
✅ Closed at $0.883 — a strong signal of bullish momentum
✅ RSI-7: 75.6 (overbought zone)
✅ MACD histogram: Positive for first time since June 28
✅ Breached key resistance at $0.871 (23.6% Fibonacci)
📊 Token Unlock Impact:
• Minimal unlock of <$200K (~0.2% of market cap) on July 1
• Traders favored ACM over high-supply unlocks like $SUI (-8%)
• Fan token sector rotations aided upside momentum
📉 Market Watch:
• Weekly gain: +17.96% — nearing exhaustion levels
• Altcoin dominance: 26.42%
• BTC dominance: 63.89% (rising)
• Open interest: Down 30% — could limit upside without new inflows
📌 Conclusion:
ACM’s rally reflects a perfect storm of bullish TA + minimal dilution, but extended RSI and falling OI raise caution flags. Can retail hold it up if Bitcoin reclaims the spotlight?
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