Looking at the chart, we can see that price action shows signs of potential consolidation around $5.69. I anticipate a higher low forming above $5.250. This would confirm bullish momentum and pave the way for a breakout.
A significant resistance zone in Green is situated around $6.782 to $7.317. A successful breakout above this zone would likely lead to a strong upward move, targeting the next key resistance around $11.93. Therefore, a breakout above the Green Zone would likely project the price toward the $11.930 mark. Keep an eye on how the price interacts around $5.25–$5.69 for confirmation of a higher low before the upward move.
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