The last few weeks have felt , although the price did not make any lower lows, so ultimately this appears to be serving to provide a strong support (marked in yellow).
If the short term channel breaks up (2777) soon, expect a nice pump up to the top of the larger channel (2835). From there the price will likely hold for a time.
In the long term if the continues to grow we may eventually break the strong down visible in thick red at around the 2900 mark. Though this is yet to be seen.