How long has it been around?
Right now if you look where the bid/ask volumes are, there is solid support at 55 but no resistance all the way to the low 60's. This means the market could be set to move sharply higher.
Caveat: of course traders can shift their bids and asks at any time. But the data as of this second is that a lot of money is waiting to buy at 55, but very little wants to sell until the low 60's. That's a sign things could be moving up sharply today.