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.