$BONK 🌂

Still within a multi month descending structure, but price is now compressing into the lower wedge with diminishing downside momentum.
Lower highs remain intact, however we’re starting to see range contraction and reduced impulse legs.
This is where volatility expansion sets up.
From here:
A decisive break and daily close above descending resistance would mark a shift in market structure and open the door for a move toward prior supply.