$NEBIUS(NBIS)$ It's still behaving like a clear leadership name in this tape.

The price structure remains intact with a clean sequence of higher highs and higher lows, and it continues to find support around the 9/21 EMA zone—exactly where strong trends typically reset before continuation.

From a fundamental narrative standpoint, the market is pricing in a significant AI infrastructure scaling story, with revenue expectations moving from ~$878M LTM toward multi-year projections above $20B+ by 2028, driven by sustained demand in compute and cloud capacity buildout.

Technically and fundamentally aligned setups like this tend to stay persistent as long as dips keep getting absorbed.

Right now it's less about predicting the top and more about whether the trend structure continues to confirm strength into the next leg higher.