After rebounding from the low of $0.3354, it’s now stabilizing around $0.3783. Although there was some pullback today, signs are emerging on the 1-hour chart—the 5-day and 10-day moving averages are starting to curve upward, and the price has successfully moved above the short-term moving averages. This structural shift is quite evident.

The recent move up from the bottom has been solid, with buying support on every dip and higher lows forming gradually. Previously, the $0.4089 level wasn’t held, indicating significant overhead resistance, but the current sideways consolidation is a normal phase, giving room for further buildup.

If the bulls can hold the $0.3720-$0.3780 area, there’s a chance to test $0.3880 and $0.4000 next. If trading volume picks up, a renewed challenge of $0.4089 is also possible.

On the flip side, if $0.3720 is lost, the price may fall back to the $0.3550-$0.3600 range, and it will depend on whether that support zone can hold for another rebound.

Overall, momentum is recovering and the trend is improving—it all comes down to how the next moves play out.