NBIS is consolidating between the 1 and 1.236 logarithmic Fibonacci levels right now, and here's what matters—it's managed to reclaim the 20-week simple moving average. That's the kind of technical confirmation traders watch for. If the token can maintain itself above this level, it signals potential upside momentum. The setup here looks encouraging for bulls, assuming the support holds and volume follows through. Worth monitoring how price action develops from this zone.