Thoughts on DEFI's current structure

Watching $DEFI today, it's holding above that 71.91 mark, which isn't entirely surprising given the recent range. For me, the current action looks like a battle around what could become a pivot point. If we see a sustained push above this resistance, say a clean close significantly over 72, then the path to higher resistance levels could open up.

Conversely, a failure to hold 71.91 and a drop below that level would pretty quickly invalidate the current bullish argument I'm considering. It would signal a return to the lower end of the established range, and I'd be looking for potential support much further down. Just my read on the technicals, things can obviously change fast.