The layer-2 token has witnessed huge trading volume since its listing in Binance.
Since we don't have enough data available for analyzing price movement, we will be using 30 min timeframe.
The token is witnessing resistance at $1.5729 and support at $1.1097.
Taking these values as swing high and low, we can use Fibonacci retracement to find the upper target and lower target as the price breaks resistance and support, respectively.
Upper target: $1.85
Lower target: $0.8235
Since we don't have enough data available for analyzing price movement, we will be using 30 min timeframe.
The token is witnessing resistance at $1.5729 and support at $1.1097.
Taking these values as swing high and low, we can use Fibonacci retracement to find the upper target and lower target as the price breaks resistance and support, respectively.
Upper target: $1.85
Lower target: $0.8235