From the chart:

1. Market Sentiment: The price has broken above the descending trendline, indicating a potential shift from a bearish to bullish sentiment. The breakout is accompanied by a noticeable price surge (+23.75%), suggesting buying pressure.

2. Key Levels:

Resistance: $0.13607 (marked by the red dashed line).

Support: $0.11939 (current ask price) and the trendline acting as potential support after the breakout.

3. Next Move:

If the breakout is sustained, the price may attempt to test the $0.13607 resistance level. A successful break above this level could lead to further upward momentum toward $0.15 or higher.

However, if the price fails to hold above the trendline, it may retrace to test lower support levels around $0.11.

4. Indicators:

RSI appears to be rising, potentially entering overbought territory, indicating strong momentum but caution for a possible pullback.

Volume increase supports the strength of the breakout.

Strategy:

Bullish Case: Wait for a retest of the trendline or support before entering long positions, targeting $0.13607 and beyond.

Bearish Case: If the price fails to hold above the breakout, consider shorting with a stop loss above the trendline.