$NBIS showed a solid hammer candle formation last week, successfully holding above the 1 log Fibonacci level—a key technical indicator. The price action has been consolidating within the Bull Market Support Band, which is where things get interesting. Breaking out and sustainably reclaiming above this band would be crucial; such a move could likely confirm the establishment of a higher low on the chart. For traders watching this setup, the next leg of the move hinges on whether buyers can defend this support zone. If the pattern holds, it could signal renewed strength heading into the next phase of the uptrend.
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StablecoinGuardian
· 13h ago
Hammer candlestick remains steady at Fibonacci; buyers must hold the line to count as a success.
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AirdropHarvester
· 13h ago
That hammer candle is indeed good; now it's just a matter of whether it can truly break the level. It looks good on paper and is easy to identify.
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GasGoblin
· 13h ago
ngl hammer candle If this wave can't break through the resistance level, I'll be laughing, it's just another false alarm.
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NotFinancialAdvice
· 13h ago
It seems that a breakout is the real test; whether this support can hold depends on the determination of the buying volume.
$NBIS showed a solid hammer candle formation last week, successfully holding above the 1 log Fibonacci level—a key technical indicator. The price action has been consolidating within the Bull Market Support Band, which is where things get interesting. Breaking out and sustainably reclaiming above this band would be crucial; such a move could likely confirm the establishment of a higher low on the chart. For traders watching this setup, the next leg of the move hinges on whether buyers can defend this support zone. If the pattern holds, it could signal renewed strength heading into the next phase of the uptrend.