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CIFR Weekly Gann Analysis Update
The price action on the weekly chart is painting an interesting picture right now. After facing rejection at the horizontal resistance level, CIFR has retreated into consolidation territory. What's worth watching is the current positioning—the token is hovering just above a critical technical zone: the Bull Market Support Band.
This setup creates a compelling dynamic. The rejection at resistance shows selling pressure, but the proximity to the key support band suggests the market is testing whether bulls can defend this level. If the support holds, it could set up an interesting bounce opportunity. If it breaks below, we'd need to reassess the broader trend structure.
Keep an eye on how price interacts with this zone in the coming sessions.