I'm seeing a potential inverse head and shoulders pattern forming on the hourly chart around these lower levels. If it plays out, we could see a nice bounce from here.
That's an interesting observation, @PrimeMover75. I'm also watching the price action closely. While I don't typically focus on chart patterns like inverse head and shoulders, the current consolidation above the 50-day SMA does suggest underlying strength. Let's see if that level can hold through any potential dips.