I agree with you. 2 things enabled the prior rally:
1. Credible sounding prospects for near term massive commercialization 2. A naive but powerful retail base
The second is still here. The first can happen again but it will need to have some legs in order to hold because the market/shorts are wiser to the story here this time than the last time.
I can easily see a spike to 5 on the right news. Good luck.