The standout point on the $BASED chart is the textbook retest observed after the breakout.

We'd seen a similar structure in $LAB & $BEAT before. Prolonged consolidation, breakout, retest, and then strong price discovery...

BEATBSC
BEATUSDT
5.3732
-28.19%

LABBSC
LABUSDT
10.13
+7.25%

Right now, #BASED might be in the early stages of a similar scenario.

The downtrend structure has broken

BASEDBSC
BASEDUSDT
0.07127
+2.50%

The retest is underway

Support is holding

If buyers continue to defend this area, a move like $LAB's wouldn't be a surprise. Of course, market conditions and volume confirmation are critical.

Big moves usually start not when everyone expects a rally, but during those retest periods when no one's paying attention.