Key Takeaways
The launch of ACS creator coins has sparked investor interest, with market cap and trading volume recording astronomical growth. Currently, there is a strong tendency for a continued price rally.
Access Protocol [ACS] recorded a significant rally in the past day as its price jumped 20%, with trading volume surging by more than 1,200%.
AMBCrypto’s analysis suggested that ACS’s growth extended beyond ecosystem performance, as more investors across the market were heavily funding the asset. AMBCrypto breaks down what could play out.
Ecosystem update sparks bulls
The recent rally in ACS comes amid ecosystem improvements. Access Protocol launched creator coins alongside a creator token program.
This initiative likely boosted adoption among crypto-native creators seeking to monetize their content through the protocol.
The incentives program also contributed to ACS’s growth in the past day, as readily available rewards encouraged more user adoption, driving token demand higher.
On a deeper level, technical indicators provide additional perspective on the asset’s rally potential.
More upside for ACS
Analysis of the Moving Average Convergence Divergence (MACD) showed that ACS still had room to extend its rally.
Press-time analysis revealed that the asset crossed into the positive region for the first time since the 30th of July, with a reading of 0.0000124.
A positive MACD reading indicated stronger bullish momentum, with ACS benefiting from the shift.
Source: TradingView
Similarly, the Relative Strength Index (RSI) remained in bullish territory despite its earlier plunge. Thus, buying euphoria has cooled, giving way to a more sustainable accumulation phase.
If the MACD continues trending upward and the RSI holds in positive territory, ACS is likely to sustain its rally in the coming days.
Investor-backed movement
ACS’ recent rally has been strongly backed by investors, according to CoinMarketCap’s Community Sentiment chart.
Data showed that 89% of 10,300 investors voted to buy ACS, reflecting broad confidence in its bullish potential.
Typically, there is some correlation between community sentiment, price movement, and trend reversals. If sentiment from CoinMarketCap is supported by real buying activity, ACS could rally further.
Source: TradingView
Access Protocol’s next move will depend on whether it can sustain its breakout above a descending resistance trend line.
Holding above this level would remain net bullish for the asset. However, if it falls back below, it suggests ACS may consolidate further without major gains.
