$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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