After the euphoric run and brutal reset, the chart spent months building a proper base instead of continuing lower. That matters. Weak hands got flushed, moving averages flattened, and now momentum is returning with real volume behind it.
What stands out here:
10 EMA reclaiming the 20 EMA
Price back above the 50 MA
Breakout through prior resistance around the $45–47 zone
Rising volume on green candles, suggesting accumulation rather than just retail chasing
The blue channel maps the current momentum structure well. As long as price continues respecting higher lows inside that trend, the path toward $58–60 looks realistic, with the bigger psychological test sitting up near the old resistance zone around $70.
This no longer looks like a dead-cat bounce to me. Feels more like the market is starting to price in the possibility that quantum computing becomes commercially relevant sooner than expected — and right now IONQ is acting like the institutional leader of the space.
Still highly speculative. Volatility will be brutal. But the chart definitely has life again.