sitting on a major support zone around $2.5–$3.
Price is compressing and selling volatility is dropping
That usually means a BIG move is coming.
➡️ BULLISH CASE:
Break out of the descending channel with a target of $30–$40
➡️ BEARISH CASE:
• Lose the $2.5 support
• Expect more downside or long sideways accumulation