The key signal is the squeeze between a very large sell wall around 2.80 TL and strong bid stacking around 2.74-2.75 TL. The daily, weekly, and monthly structures still point upward, but intraday action repeatedly stalls near 2.79-2.80, showing that this zone is an active supply area rather than a clean continuation point. Session turnover at 631 million TL remains high, so the tape is active and not thin. The order book is top-heavy on the sell side: about 6.15 million shares at 2.80 and another sizable cluster at 2.81-2.82, while bids are concentrated just below current price. This indicates that upward momentum is intact, but continuation needs more absorption of overhead supply. Yesterday’s fast, volume-backed push from 2.70 to 2.80 argues for strong velocity, followed by today’s digestion phase. Recent KAP disclosures on buybacks and dividends provide a supportive background, but the immediate microstructure is dominated by resistance and consolidation near the highs. Net-net, the trend stays constructive, but the short-term battle is centered on whether the 2.80 supply can be cleared.