The monthly and weekly structure remains constructive, but the last two daily closes slipped from 13.57 to 12.99, showing a clear slowdown in upward momentum. Today’s turnover was relatively light while price compressed into a narrow 12.98-13.06 range, which points to balance rather than directional conviction. The most important signal sits in the order book: very large bid inventory from 12.81 down to 12.78 provides a cushion, while sell clusters at 12.85-12.92 cap the near-term rebound. Yesterday’s drop from 13.55 to 12.90 on heavy volume is the sharpest microstructure anomaly and looks like a short-term distribution phase. Today’s intraday tape recovered toward 13.20 but failed to hold, and the late-session drift back below 13.00 confirms weak velocity. The news flow is mildly supportive at the fundamental level, with buyback, financial report, and activity report items, but it has not translated into sustained intraday strength. Overall, the dominant signal is a squeeze regime: the medium-term trend is intact, yet short-term price action is being pinned between deep bid support and nearby overhead supply.