$ACE is currently trading around $0.1309, showing a bearish market structure after failing to sustain its earlier breakout. Following a strong rally to the session high, sellers stepped in aggressively, producing a sequence of lower highs and lower lows. The latest candles indicate a modest rebound from intraday lows, but the broader short-term structure remains under selling pressure.
Technical Analysis (15m timeframe):
🔴 The current trend is bearish based on visible price action. After reaching the $0.16995 high, multiple strong red candles erased much of the advance, confirming rejection from higher prices. The market has since continued printing lower highs and lower lows, while the recent green candle appears to be only a short-term bounce rather than a confirmed trend reversal.
⚠️ The nearest resistance lies in the $0.1350–$0.1400 zone, followed by the stronger resistance around $0.1529. A confirmed breakout and sustained close above $0.1400 would be the first sign that buyers are regaining control, while reclaiming $0.1529 would strengthen the case for a broader recovery.
📉 Immediate support is located around $0.1260–$0.1270, which is currently being tested. Below that, the next visible support is near $0.1188, the session low area. A decisive break beneath $0.1260 could accelerate selling pressure and expose $0.1188 as the next downside target.
Outlook:
The short-term bias remains Bearish until buyers reclaim the $0.1350–$0.1400 resistance zone with conviction. Holding above $0.1260 may allow for a relief bounce, but a breakdown below this support would confirm continued bearish momentum and increase the probability of another leg lower.#CLARITY Act vote delayed to September #Coldcard wallet seed flaw
