POET Technical Setup: Key Fibonacci Levels Hold

The weekly chart is painting an interesting picture. $POET found solid support at the 0.618 Fibonacci level, which triggered a meaningful bounce. From there, price moved decisively upward, reclaimed the 0.786 log Fib level, and has now broken above it. The next resistance zone sits at the 0.886 level—worth monitoring closely.

What's notable here is how precisely Fibonacci ratios continue to act as pivots in this market. These levels consistently function as turning points, whether providing support or resistance. For traders watching $POET, the current push toward 0.886 represents the next critical test. Break it cleanly, and momentum likely extends further.