Binance Launches Flexible Loan Challenge for USDT, USDC, and ACE Borrowers

Binance has launched its Flexible Loan August Challenge, offering borrowers of USDT, USDC, and ACE the chance to claim a share of 500,000 ACE from Fusionist, along with an interest-free voucher.

The challenge is available for borrowers who use these three tokens as collateral. The ACE token price action shows it holding support around $0.11, based on its EMA50, while the EMA200 sits at $0.09. Currently, the RSI(14) remains neutral at 46.3 and the MACD prints a death cross, but price stays within the Bollinger band with upper resistance at $0.15 and lower support at $0.1.

Institutional desks are watching for a test of the upper band before any potential retracement toward the 50-EMA confluence.