$BYTE, a low-cap meme coin, experienced a significant surge following a mention by the tech giant and Starlink owner on Twitter.
Despite a downtrend since reaching its ATH of $0.00006500 on March 08, $BYTE saw a bullish revival in the last 48 hours, with a price increase of 159%.
The recent bull run is evidenced by three consecutive green candles, signaling a potential shift from the previous pullback phase observed in May.
Analysis based on Fibonacci levels indicates that BYTE is currently hovering near the 23.60% level, suggesting a possible continuation of the uptrend.
According to Coin Gabbar analysis, If the momentum persists, BYTE could potentially reach the $0.00003420 mark, corresponding to the 50% Fibonacci level.
KEY LEVELS :
RESISTANCE LEVEL : $0.00002750-$0.00004000
SUPPORT LEVEL : $0.00001000-$0.00000250
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Also read: Oasis Price Prediction: Are Bulls Running Out of Steam?
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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