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After the Recent Breakout, Fusionist (ACE) Price Poised for Over 50% Surge

The price of Fusionist (ACE) closed the weekly candle above a crucial level and broke out of a short-term pattern. It is expected to rise further in the coming days.

Weekly Outlook

The price of Fusionist (ACE) closed the weekly candle within the range of $8.27 to $9.33 since the beginning of 2024. This indicates the indecision between the bulls and bears in determining the next trend.

However, this indecision seems to have been resolved favorably for the bulls as ACE closed the weekly candle within this range last week. It suggests that ACE may have started a new rally.

If the price continues to rise, it could reach an all-time high of $17.27, which is 57.32% higher than the current price.

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ACE/USDT weekly chart . Source: TradingView

Short-Term Pattern Breakout

The daily chart shows that ACE broke out of a symmetrical triangle on February 14th with a large bullish candle.

This move also helped the price break above the horizontal resistance at $9.7 and confirmed it as support two days ago (green arrow).

The daily RSI is above 50 and trending upward, indicating that the bulls are in control of the market.

Therefore, the price of ACE could rise to the $14 zone in the coming days. This zone is formed by the horizontal resistance level and the target of the pattern.

ACE/USDT daily chart . Source: TradingView

Conclusion

The most likely scenario suggests that the price of Fusionist (ACE) will continue to rise in the near future. The nearest target is $14, with a potential further increase to $17.27.

The bullish outlook would be invalidated if ACE closes the weekly candle below $9.33.

Disclaimer: Please note that this article is for informational purposes only and should not be taken as investment advice. As an investor, it is important to do your own research before making any decisions. We are not responsible for any investment decisions you make based on this information. Not Financial Advice.

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