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$Umbra can really play out like this imo just need a bit of demand and break of structure (bullish). Good thing is 1. feel like this stage of the supply is heavy controlled 2. short term sellers are out and exhausted. So why I think chart could actually play out like this is because mainnet goes live early March (supposedly) and in this case it could create a little demand in this range box and once we get confirmed BOS think it just does a full send god candle because huge sell off beforehand + heavy demand at low prices will magnetise all the whales in. And let's be honest we know one day or another privacy meta will run properly
Reaccumulation phase soon here, might go a bit lower depending on macro market or maybe people want panic dump a bit more but the overall upside trend is coming.