Is a breakout imminent?, page-2

Yes, we have quite the confluence of resistance lines at this juncture.

From a shorter-term perspective (last 8 months) we are at the top of the resistance line that has held PPS in check over the last year, and PPS would need to decisively break through $0.51 (and hold that break) to confirm a new trend:

Then, if we step back and look at a longer-term perspective, we are also at the point of breaking the resistance line that has held PPS since January 2022, with a decisive break through $0.52 to confirm:

The other aspect of this chart that gives me some confidence that we could see a longer-term trend change is the price vs MACD divergence. Price punched a lower low in November (vs June 2022) whilst the weekly MACD demonstrated a higher low in November. I find this a useful indicator of a prospective trend change.

I believe the next week or so will tell us the direction of this story.