I don't think that their new cycle has started yet, but we must remain vigilant.

The price is moving in a descending channel on the 30-minute frame and sticking to it well

We have a bounce from the lower limit of the descending channel, this support is at 3.10

We have a downtrend on the RSI indicator that is about to be broken, which supports the rise

We have a trend to stabilize above the moving average 100

Entry price 3.18
First target 3.33
Second target 3.46
Third target 3.66