A bullish bias can be seen clearly on this chart based on higher lows. Optimism is set on a growth path as prices fluctuate.
We experienced a bearish wave recently followed by the beginning of a new bullish wave.
As it happened back in late 2022, this bullish wave first starts small... Only after months of bullish consolidation we see explosive growth.
It is getting closer and the potential is high for 260% or 4.78 as the next target. Can be lower, can be higher... This is just a projection but the bigger picture is up.