#sun . Decisive Levels

Let’s look at the asset on the 1w TF.

At the moment, the token is trading in the support zone of the Fibonacci retracement of the upward trend, namely the golden pocket 61.8–65% (0.03093 – 0.03160) — IMB LONG 1w TF.

If the daily candle closes above this channel range, we can expect a retest of resistance in the cycle at 0.03250. This price ceiling marks the beginning of the confirmation channel for the global uptrend. If it breaks above 0.03311, the asset could potentially reach its ATH and retest it, followed by new highs.

In a negative scenario, the price may roll back to the cycle support zone at 0.02875, and if broken, continue downward to the IMB SHORT 1w TF at 0.02638.