✅ Current Status:

• Current Price: $2.26

• Recent Action: Strong breakout from long-term accumulation, currently in consolidation after an aggressive move up.

🔑 Key Technical Highlights:

1. Major Resistance Levels:

• $2.50 – $3.00: This is the significant overhead resistance zone where the previous rally was capped.

• A potential upside target near $3.50+ is highlighted with an upward red arrow on your chart—this aligns with historical highs.

2. Key Support Levels:

• $2.19 (first immediate support—key for short-term stability).

• $1.83 (secondary support).

• $1.40 (critical support near the 100-week MA).

• $1.02 (last major line of defense).

• POC near $0.50 (long-term base).

3. Volume Profile:

• Strong historical volume concentration (blue/orange blocks) below $1.00–$1.50.

• Above $2.50, thin liquidity could accelerate a sharp move higher if price clears resistance.

4. TD Sequential & Wave Counts:

• Multiple TD Sequential counts (both red and green) suggest the asset is in a corrective wave phase after a parabolic move up.

• Possible Wave 3 completion with a correction in progress, looking for potential Wave 5 higher.

5. Moving Averages:

• Price remains above all key MAs (50, 100, 200-week)—a strong bullish signal.

• The blue MA (likely 200WMA) at $1.02 offers long-term support.

6. Bullish vs Bearish Scenarios:

📌 Takeaways:

✅ Trend is bullish with higher highs and higher lows forming.
✅ Breakout from long-term sideways suggests institutional interest.
✅ Potential upside to $3.50 but short-term correction risk remains unless $2.50 is broken with volume.