Cyber (CYBER) recently faced rejection at daily resistance of $5.38, leading to a corrective move. Price has now returned to its accumulation zone, where holding support could fuel a rally toward $9.19.
Cyber’s recent rally met stiff resistance at the $5.38 level, producing a rejection candle with a selling wick. This rejection has shifted short-term sentiment, causing price to pull back into the accumulation zone that served as the foundation of the last bullish expansion. While momentum has cooled, the corrective move is not inherently bearish. Instead, it represents a retest of structural support that could sustain the broader bullish trajectory if defended successfully.
The accumulation zone holds additional weight because it overlaps with the point of control (POC) on the volume profile. This region represents the area where the most trading activity has taken place, making it a high-volume node. Such areas often act as magnets for price and are frequently retested during corrective phases before continuation occurs. Cyber’s current retest of this zone therefore carries significant implications for its next directional move.
Key Technical Points:
- $5.38 Daily Resistance: A sharp rejection at this level triggered the corrective pullback.
- Accumulation Zone + POC: Price has returned to this high-volume support region, critical for maintaining bullish structure.
- Upside Target at $9.19: Holding support increases the probability of a rotation back toward the previous high.
From a structural perspective, Cyber remains in a bullish framework. The weekly chart still shows a pattern of higher highs and higher lows, meaning the broader trend has not been invalidated. The current corrective move should therefore be viewed as a retest rather than a breakdown. What matters now is whether bulls can maintain control of the accumulation zone in the coming days and weeks.
Volume analysis remains key to confirming the next move. While the recent pullback has not yet been accompanied by strong bullish inflows, this is not uncommon during early stages of a retest. Traders will want to see volume begin to pick up at support, as this would signal renewed demand and strengthen the probability of continuation higher.
If buying pressure emerges and price begins to rotate out of the accumulation zone, the path toward $9.19 becomes viable once again. This level marks a major resistance target and would represent a significant continuation of Cyber’s prior bullish expansion.
What to Expect in the Coming Price Action
Cyber remains in a consolidation phase following its rejection at $5.38. As long as the accumulation zone and point of control hold, the broader market structure will stay bullish. A decisive defense of this region increases the likelihood of another bullish rotation, with $9.19 as the next major upside target.