ACE/USDT – Breaking Out of the Falling Wedge? Potential Reversal📝 Technical Analysis Overview:
The ACE/USDT pair on the daily timeframe (1D – Binance) is showing signs of a potential breakout from a long-standing falling wedge pattern, suggesting a possible trend reversal to the upside.
🔍 Key Technical Highlights:
1. Falling Wedge Pattern:
A clearly defined falling wedge has formed from the December 2024 peak near $3.742, down to the current consolidation zone between $0.425–$0.514.
This yellow support box represents a strong demand zone, with repeated price reactions since April 2025.
2. Major Support and Resistance Levels:
Strong Support: $0.425 – $0.514 (accumulation zone)
Potential Resistance / Upside Targets:
$0.622
$0.756
$1.053
$1.339
$1.703
$2.254
$2.882
$3.623 (just below the previous high at $3.742)
3. Bullish Breakout Scenario:
A confirmed breakout above the descending trendline and resistance at $0.622 could trigger a bullish move toward higher targets.
The first key breakout confirmation would be a daily close above $0.756 with increasing volume.
4. Early Signals & Validation:
A breakout with strong momentum followed by a successful retest of the trendline would validate the bullish setup.
Watch for high volume and candle structure during the breakout phase to avoid fakeouts.
📌 Summary:
ACE is currently testing the final stage of a bullish falling wedge. A successful breakout could lead to a strong trend reversal with targets beyond $1.0 and higher. This setup offers a good risk/reward opportunity for bullish traders—confirmation is key.
