It's certainly a very entrenched downtrend, which is struggling to break, albiet (imo) every day we are getting closer.
Looking at it from the weekly perspective, you can see for the last 12 months approx, we are forming higher lows, and lower highs - this is typically a bullish pattern, albiet there are little other technical indicators that give much away. The stochs are almost in oversold territory, which we have seen time and time again. I'd argue the bottom was 'in' November 2023, at 0.074, since then the bottoms have been always higher.
On the daily, it adds further detail to the picture. You can see on the daily, we are severely oversold on the stochs ,volume has really dropped off for weeks now (ie, people are happy just absorbing it at 0.10, and others are happy selling at that level....but that is shifting). Note the lower highs, and higher lows...it's starting to pinch...not long till something happens. My personal opinion is to have patience, absorb on weakness, never chase. I'd expect there could be a capitulation attempt (ie, sub 0.10, intraday shortly), before we resume a definitive uptrend into Aug/Sept/Oct. All IMO of course. Excuse the primative TA, i've had a few tuesday beers.
