The rebound of $LIGHT has basically been confirmed, now it's just a matter of how strong the rally can get.

Looking at the spot price at 2.6 and the futures at 2.3, there's still a bit of a spread—bulls are clearly watching and not in a rush to chase. The previous high was 4.6, and now it's just around the 50% retracement level, which is quite a critical point.

Interestingly, the trading volume this time is much larger than the last wave. This raises the question of whether new large investors are entering or if the original holders are adding positions. From the volume perspective, at least it indicates increased market participation, which is a good sign for future performance. How far it can go still depends on the next few candlesticks' performance.