**Why is $ACE Pumping? The Real Story Behind the 46% Green Candle**
The massive pump you're seeing on ACE/USDT (from $0.166 to $0.291, +15.06% with 46% range) is driven by one historic catalyst: South Korea just handed down its FIRST prison sentence under the Virtual Asset User Protection Act. CEO Lee Jong-hwan received three years for manipulating ACE's price through wash trading and fake walls. This isn't just another crypto rally—it's a "legitimacy pump." The manipulator's removal means toxic artificial supply is gone, weak hands have been shaken out, and institutions finally have regulatory clarity to touch this token. Your chart confirms it: price has blown past MA(99) resistance at $0.203, currently trading 71% above MA(7) with massive real volume of 20.86M ACE. The manipulation era is officially over.
Technically, this is a textbook conviction-driven reversal. The $0.26-0.27 demand zone is now defended by remaining whales who were previously sidelined. Volume is legitimate—not the fake low-liquidity pumps from before. While ACE remains 98% down from ATH, today's move flips long-term resistance into support. Key levels: hold $0.272-0.268 for continuation, resistance at $0.3078. If we lose $0.258, this was a fakeout. Bottom line: this isn't GameFi FOMO—it's the market finally pricing out existential legal risk. First conviction, clean charts, trapped shorts. Trade accordingly.
