Volatility seems to be shifting gears from the purple rectangle to the green oval. And the shift is to HIGHER volatility. That isn't how it usually happens at a top, unless it is a blowoff top, which has not happened here yet.
Decelerating downward momentum meets higher lows creating initial possible breakout move to a higher high. This could be a nascent uptrend beginning. First, needs to survive a retest of the breakout levels .