price is moving into a descending channel since 5 month ago.
right now it is trying to close above daily 50MA and MACD (daily line) also turned in bullish level.
so closing above the channel is a good sign for stronger rally to come. and closing above daily 200MA will accelerate this process.
I put the baseline on the chart and in any case, moving above this level ( around 8.8$) it is bullish.
also in case of the bull run scenario we can expect the resistant levels on the chart will hit as targets.
Enjoy the market