DigiByte Analysis 👍🚀
The chart for $DGB shows a recent price rally to $0.01287, gaining +3.37%, with clear Fibonacci retracement levels indicating potential resistance and support zones. Let’s analyze the setup and targets! 🎯
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Key Fibonacci Levels 🎯
1. 0.236 (0.01122) 🛡️: Strong support level after the recent upward momentum.
2.0.382 (0.01176)🛡️: Secondary support level where retracement could stabilize.
3. 0.5 (0.01202): Current price is hovering near this zone, showing it as an equilibrium level.
4. 0.618 (0.01263) 🔥: This is the next critical resistance level where the price may face selling pressure.
5. 0.786 (0.01325) 🚧: A higher resistance level, testing the strength of the rally.
6. Extension Levels:
- 1.618 (0.01633): A strong bullish target.
- 2.618 (0.02003): An extended bullish target if momentum accelerates further.