Bitcoin's ADX, or Average Directional Index, has fallen to its lowest level in more than two years, reinforcing signs that the market's extended low-volatility phase may be nearing a directional breakout. CryptoQuant analyst Darkfost said the extremely low reading shows Bitcoin has remained range-bound for a long period and that trend momentum is nearly exhausted, leaving the price likely to choose a direction soon. Separately, CryptoQuant analyst Axel Adler Jr. said Bitcoin is now trading in the lowest band of the rainbow chart model, which he described as essentially a fire-sale zone relative to its long-term price trajectory. Adler said the volatility-adjusted Z-Score stands at -2.293, the lowest since 2016 and below the 2022 bear-market bottom reading of -1.979, indicating a deeper downside deviation from the historical trend than in the previous cycle. He said the reading points to extreme undervaluation within the model but does not by itself confirm that a final bottom is in place, meaning any market reversal would still require separate confirmation.