#BIFI
Calculate Fibonacci Levels:
23.6% retracement: $115.5 + (0.236 × $326.3) ≈ $192.6
38.2% retracement: $115.5 + (0.382 × $326.3) ≈ $239.2
50% retracement: $115.5 + (0.5 × $326.3) ≈ $278.7
61.8% retracement: $115.5 + (0.618 × $326.3) ≈ $316.2
78.6% retracement: $115.5 + (0.786 × $326.3) ≈ $371.1
The current price of $163.5 is above the recent low of $115.5 but well below the 23.6% retracement level of $192.6, indicating the price is still in a recovery phase from the significant downtrend.The recent upward movement suggests potential testing of the 23.6% level ($192.6) as the next resistance.
Key Observations:The price has risen 8.49% in the last 24 hours, breaking past the $163.5 mark, which could signal the start of a retracement toward $192.6 (23.6% Fibonacci level).
The longer-term trend (e.g., -59.71% over 180 days) suggests caution, as the asset remains in a bearish context overall, but short-term bullishness is emerging.
Potential support lies near $115.5 (recent low), with resistance levels at $192.6, $239.2, and higher Fibonacci levels if the uptrend strengthens.
The current price action and volume increase support a bullish short-term outlook, but the overall downtrend warrants careful monitoring.
