$W chart update:
In a shorter time frame, W is creating a W pattern. The potential formation of W pattern, also known as a double bottom, is typically a bullish reversal signal, indicating that the price might break out upward if it successfully completes the pattern.
The resistance zone around $0.0285 is the neckline resistance. If the price breaks above this level with strong volume, it would confirm the W pattern breakout.
Additionally, the price recently flipped the 100-day moving average and is now holding above it nicely.
