After forming a base near the lows, price has pushed up and is now testing a confluence zone:

Descending trendline resistance
Fibonacci 0.5 – 0.618 area
Horizontal supply zone around 0.0155 – 0.0165

What’s happening:

Higher lows forming short term
Price compressing into resistance
Momentum slowing as it approaches supply

Bullish scenario:
A clean breakout and hold above 0.0165 could shift structure and open a move toward 0.019 – 0.021 and after 0.025.

Bearish scenario:
Rejection from this zone is likely, which could send price back toward 0.013 → 0.012 support, and potentially continue within the larger downtrend.

Right now, this is a decision zone, where price is testing strong resistance inside a broader bearish structure.