Let's see if this formation breaks to the up- or downside.
I am currently more pessimistic than optimistic, because when considering market environment, we would need some good news (--> DXY down and BTC up), for this to break to the upside. Lower rate hikes, lower inflation values, ... would be the signals to watch out for.
Nevertheless, we had a strong DeFi-season at the start of the last bullrun, so there IS a chance, if we get back into that positive sentiment.