Expected upcoming movement (the two expected scenarios):
🚀 Bullish scenario: If the price maintains support around ~2.05–2.12 and rebounds upwards (forming a higher low), a new bullish momentum may resume. In this scenario, we anticipate breaking above 2.30 as the first target, followed by an attempt to rise towards ~2.47 (a higher previous peak). With continued buying strength and a break above 2.59, the path towards higher targets (e.g., 3.40 then 4.08 as some have suggested) is expected to open. Keeping the price above 2.05–2.12 will maintain the validity of the bullish scenario.
🐻 Bearish scenario: If the price drops and closes clearly below the support level of ~2.05, it will represent a structural bearish break, confirming the continuation of the downtrend. In this case, attention will turn to lower support levels, such as the range of ~2.00–1.80, which could attract buying liquidity. Any further drop below 2.00 will signify a reassessment of the overall trend, and the decline may extend to 1.61 as a level that invalidates the bullish scenario.
