Technical analysis by CryptoNuclear about Symbol ACE: Buy recommendation (8/8/2025)

Chart Overview: The ACE/USDT pair on the 1D (Daily) timeframe is currently in a prolonged downtrend that has persisted since early 2025. The price has consistently formed lower highs, and it's been contained under a well-respected descending trendline (yellow line). Currently, ACE is approaching a key decision point near the trendline resistance zone ($0.57–$0.60). What happens at this level will likely determine the next major move. --- 🟢 Bullish Scenario: Breakout Ahead? If the price successfully breaks above the descending trendline and confirms with a daily close above $0.6552, we could see a trend reversal from bearish to bullish. Key resistance levels to watch for potential upside targets are: 1. $0.8110 – psychological and structural resistance 2. $1.0546 – strong previous resistance 3. $1.6973 – mid-term bullish target 4. $2.2435 and $2.9171 – extended bullish targets if momentum continues Confirmation should be supported by increasing volume and RSI breaking above 50. --- 🔴 Bearish Scenario: Another Rejection? If the price fails to break the trendline and gets rejected, ACE/USDT may resume its downward trajectory and test the following support levels: 1. $0.5691 – immediate support 2. $0.5000 – psychological support 3. $0.4253 – historical low and potential demand zone This scenario would reaffirm continued bearish dominance and prolong the current downtrend. --- 📊 Pattern Analysis: Descending Trendline The dominant pattern here is a descending resistance trendline, showing clear selling pressure and bearish market structure. A breakout would signal the first major higher high in months – a potential trend reversal signal. --- 🎯 Conclusion & Strategy: ACE is at a crucial inflection point. Traders should wait for confirmation before entering a breakout trade. If a breakout occurs, consider a buy-the-breakout strategy with a stop-loss below the trendline. If rejected, a short/rejection play toward lower support zones could be viable. #ACEUSDT #CryptoAnalysis #Altcoins #TechnicalAnalysis #BreakoutTrade #BearishScenario #BullishScenario #DescendingTrendline