#ACEARENAS $ACE

ACE/USDT Analysis on the 1-Day Chart

The chart displays the ACE/USDT trading pair with a 1-day timeframe. The price is currently at $3.321, showing an increase of 8.18%.

Indicators and Analysis:

1. **Moving Averages (MA):**

- The 7-day MA (yellow line) is at $3.108.

- The 25-day MA (magenta line) is at $2.987.

- The 99-day MA (purple line) is at $4.250.

- The price is above both the 7-day and 25-day MAs, indicating a short-term bullish trend, but below the 99-day MA, suggesting longer-term bearish pressure.

2. **MACD:**

- DIF: -0.025

- DEA: -0.080

- MACD: 0.055

- The MACD histogram shows a positive MACD line, indicating bullish momentum. The DIF and DEA lines are improving, suggesting a potential continuation of the upward trend.

3. **RSI:**

- The RSI (6) is at 61.577, indicating a slight bullish bias as it is above the 50 level but not yet in the overbought territory.

**Support and Resistance Levels:**

- **Nearest Support Level:** $2.160, marked by the recent low.

- **Nearest Resistance Level:** $4.250, aligned with the 99-day MA. Further resistance can be seen at the previous high of $9.028.

This analysis suggests that the ACE/USDT pair is experiencing short-term bullish momentum, but significant resistance levels need to be overcome for a stronger long-term bullish trend.