BYTE, a cryptocurrency known for its meme status, witnessed a remarkable increase in value following a mention by a prominent tech figure and owner of Starlink on a social media platform. Despite a decline from its all-time high of $0.00006500 on March 08, BYTE demonstrated a bullish resurgence in the past two days, with its price surging by 159%. The recent upward trend is highlighted by a series of three consecutive positive price candles, hinting at a possible shift from the preceding period of decline observed in May. Fibonacci analysis reveals that BYTE is currently positioned close to the 23.60% Fibonacci level, indicating the likelihood of the uptrend continuing. A forecast by Coin Gabbar analysis suggests that if the current momentum sustains, BYTE might potentially reach the $0.00003420 threshold, corresponding to the 50% Fibonacci level.

KEY LEVELS :

RESISTANCE LEVEL : $0.00002750-$0.00004000

SUPPORT LEVEL : $0.00001000-$0.00000250

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