HARRYPOTTEROBAMASONIC10INU: Long term thoughts - bottom? HarryPotterObamaSonic10Inu (ERC-20)CRYPTO:BITCOINUSDOnchainNewsBlogOn the weekly, I think it’s reasonable to start discussing a potential bottom forming here, but I want to be clear that this is still a developing process, not a confirmed reversal. Price has gone through a prolonged markdown phase with multiple failed bounces, which is typical for meme assets after the hype cycle ends. What stands out now is that downside momentum has clearly slowed. Weekly ranges are compressing, volatility is contracting, and price is stabilizing around the 0.035–0.045 region, which has acted as a persistent floor. Structurally, I’m no longer seeing meaningful lower lows. Instead, price is grinding sideways after a long dump. That kind of behavior is often how bottoms actually form, through time and compression, rather than a single sharp reversal candle. Selling pressure appears exhausted, and volume looks muted compared to prior breakdowns, which supports the idea that most weak hands are already out. That said, this is not a confirmed bottom yet. Right now, I view this as a potential accumulation range rather than a trend change. For confirmation, I want to see a clear weekly higher low and eventually a reclaim of prior range resistance in the 0.07–0.09 area with expanding volume. Without that, this remains consolidation inside a broader downtrend. If price loses this base decisively on a weekly close, then the basing thesis is invalidated and the downtrend simply continues. From a probability standpoint, this is the zone where bottoms usually develop, but bottoms are processes, not events. Expect chop, false starts, and long periods of inactivity before any sustained upside. My bias has shifted from avoiding the chart to monitoring closely for accumulation and early reversal signals.