Bullish Outlook for GlobalBoost (BSTY): Elliot Wave and Fibonacci Analysis Signals Major Upside

GlobalBoost (BSTY) has recently shown explosive growth, surging 62.4% in the last 24 hours to reach $0.1148, 
with a market cap of $2,787,723 and a circulating supply of 24 million tokens. 

This momentum, coupled with a 112.77% increase over the past week, positions BSTY for a potential bullish 
breakout according to Elliot Wave Theory and Fibonacci sequences.Examining the long-term chart, BSTY 
experienced its all-time high of $2.09 in September 2020, followed by a prolonged corrective phase that 
bottomed out at an all-time low of $0.0005548 in December 2014, though more recent lows hovered around 
$0.006615 in the 52-week range. This multi-year decline can be interpreted as a complex ABC correction 
in Elliot Wave terms, marking the end of a bearish cycle.

The recent price action from lows near $0.006 to the current $0.1148 suggests the initiation of a new 
five-wave impulse pattern. Wave 1 appears to be the sharp upward move seen in the last week, driven by 
increased volume in recent days. We may now be entering Wave 3, the typically strongest and most 
extended wave in the sequence, which could propel BSTY significantly higher.

Incorporating Fibonacci analysis, the retracement from the 2020 ATH to recent lows represents over 99% 
pullback, setting up for aggressive rebounds. Using the recent swing low of approximately $0.006 and 
high of $0.1148 as the initial impulse, a 1.618 Fibonacci extension targets $0.20, while a 2.618 
extension points to $0.30 – levels that align with historical resistance zones.

Short-term, expect a minor Wave 2 retracement to the 0.618 Fibonacci level around $0.07, offering a buying 
opportunity before Wave 3 acceleration. With improving market sentiment in crypto and BSTY's low market 
cap providing room for growth, this setup supports a bullish thesis targeting $0.50 in the medium term if 
volume sustains.

Investors should monitor key support at $0.06 and resistance at $0.15 for confirmation. While risks remain 
in volatile markets, the alignment of Elliot Waves and Fibonacci ratios paints a compelling picture for 
BSTY's upside potential.