BONFIDA [$FIDA] Weekly TF EWP Crypto Analysis FIB TCBonfidaCRYPTO:FIDAUSDAnakynBonfida (FIDA) | Is the Final Capitulation Still Ahead? Bonfida has spent nearly five years trapped in a relentless bear market, carving out a well-defined descending channel since its 2021 all-time high. While the macro trend remains decisively bearish, the current Elliott Wave count suggests the correction may be approaching its final chapter. The preferred scenario views the initial collapse as a completed five-wave impulse, followed by an A-B-C corrective rally. From the 2024 high, price appears to be unfolding another impulsive decline, with the current rebound representing a potential Wave (2) of the final Wave 5 within Wave C. If this interpretation is correct, one last sell-off could complete the entire bearish structure near the psychological $0.01 level, where the lower boundary of the long-term channel also converges. With only five years of trading history, precision is naturally limited, and alternate counts remain possible. For that reason, the one-cent region should be viewed as a high-probability accumulation zone rather than an exact price target. Markets rarely ring a bell at the bottom, and a brief overshoot below support would not invalidate the broader thesis. As always, confirmation will come from price, not prediction. Until the descending channel is decisively broken, the long-term trend remains bearish. However, should the final capitulation unfold as anticipated, the risk-to-reward profile could become increasingly attractive for investors willing to speculate on the next crypto cycle. This analysis reflects my preferred Elliott Wave scenario and should be considered one possible roadmap rather than a certainty. Manage risk accordingly. Not financial advice. Like and follow for more Elliott Wave and macro crypto analysis.