NIO's consolidation phase might just be the calm before the storm. As long as development keeps accelerating and product innovation stays on track, there's solid ground for a breakout.

Looking at the technicals, we're sitting in oversold territory on a longer timeframe—the kind of setup where recovery often follows. Supply has been hammered, and it's really just a waiting game at this point.

Bulls need time to reload, but when they do, it won't take much to flip momentum. Everything's pointing toward higher levels ahead. The setup is there; it's just patience.