$BAR has shown remarkable resilience. The daily chart indicates a clear uptrend, with price consistently finding support on the ascending trendline between $2.20 and $2.35. Buyers are stepping in at these levels, creating a healthy supply-demand balance. A break above the **$2.55 resistance** could signal a move towards new monthly highs.
Investment Verdict:
Invest If: You are targeting the upcoming sports season hype. Entering near $2.40 provides a solid base with significant upside potential if the fan token narrative gains retail heat.
Wait If: You are looking for a cheaper entry. Key support remains at $2.15; a failure to hold current levels could lead to a quick retest of that floor.
Key Levels:
Support: $2.15 (Major Floor)
Resistance: $2.55 (Breakout Target)