Several coins are doing this right now (just posted the some on xrp). Upward channels might be forming. I see a lot of people being impatient about the recovery of coins, getting anxious over this weeks pullback, but let's not forget the rise in value we have seen since last October. It would only be healthy to have a bit of a consolidation period now before things go crazy like that again. And the upward channels forming are pretty steep still!