Halfway through the day and the pattern has held. Charts and Level II confirm. Whenever there is a large bid and it is filled, the pps goes to the next level. Right now, there is a 93,500 bid at $5.48. Watch what happens when this gets filled.
That large ask looks like shorts trying to block upward movement. An institution would have mm's hide it and fill it a little at a time.
You may be right...just touched $5.48 and the bid is now at 87,000. Let's see what happens when that is cleared out.