Rejections and Uptrend looks similar when zoomed out (Since Last FEB).
Scenario 1: It might go further down between violet & Green Zones and gains up a huge volume (as the project has a great potential) - IMO To keep an eye on the Volume Oscillators to understand its Oversold ranges.
Scenario 2 : It might enter further bearish once it breaks the Violet and Yellow zones and picks up Volume to reach ATH.