AscendEx (ASD) worth has proven robust bullish momentum over the previous 24 hours, rebounding from an intraday low of $0.046.

The bullish temper pushed the ASD worth to a 7-day excessive of $0.053, marking a 15% improve up to now day and a hefty 20% improve up to now 30 days. This restoration displays elevated investor confidence and renewed shopping for stress available in the market.

Speedy improve in ASD market capitalization and buying and selling quantity

Coinciding with the latest worth surge, AscendEx's market capitalization elevated by 14.75% to $32.5 million. Moreover, 24-hour buying and selling quantity elevated dramatically by 122% to $8.47 million, indicating elevated market exercise and investor curiosity.

Market analysts recommend that ASD's latest worth actions could sign the start of a broader uptrend. If this momentum continues, AscendEx may see additional worth appreciation within the quick to medium time period.

Is AscendEx gearing up for a 50% worth improve?

A surge in buying and selling quantity and market capitalization has introduced renewed consideration to Ascendex (ASD), with patrons pushing the value greater amid general bullish sentiment. A rise in 24-hour buying and selling quantity to $8.47 million represents an inflow of liquidity, growing optimism for additional positive factors.

Open curiosity in ASD futures additionally elevated 13.8% to $2.19 million, reflecting elevated confidence amongst merchants and buyers. The rally exhibits market contributors are bracing for a possible worth improve, with analysts predicting it may rise by 50% if bullish momentum persists.

Technical indicators exhibiting continued progress

AscendEx (ASD) technical evaluation helps a bullish outlook throughout a number of indicators. On the 4-hour worth chart, ASD not too long ago broke by way of the important thing resistance stage at $0.050, suggesting a potential upside breakout.

The breakout occurred after a interval of consolidation, with patrons pushing the value above the resistance stage and sustaining management above $0.053. This transfer strengthened the patrons' benefit and established a brand new help stage.

The Shifting Common Convergence Divergence (MACD) indicator additional helps the bullish sentiment. The MACD line has damaged above the sign line, indicating upward momentum. On the identical time, the histogram turns inexperienced, reflecting the power of patrons with an upward pattern in costs.

Furthermore, with a relative power index (RSI) of 64.21, ASD is situated within the bullish zone with out approaching overbought situations. RSI beforehand peaked at 70 after which stabilized. This highlighted sustained shopping for curiosity with out the market turning into too heated.

Does AscendEx (ASD) have additional upside potential?

Analysts consider that if the present momentum holds, AscendEx (ASD) may goal for the $0.065 resistance stage, which may result in a 25% upside from present ranges. ASD seems well-positioned for continued progress within the quick time period, as market sentiment improves and technical indicators help additional upside.

Buyers are suggested to carefully monitor buying and selling volumes and key technical ranges. If the bulls keep management and break above $0.065, Ascendex (ASD) could possibly be poised for a 50% rally and push the value in direction of $0.070 within the coming weeks.