It is what it is. SiriusXM is not really moving up, nor is it moving down. The bright side at the moment seems to be that we are not in the $2's. The fact that the equity has held the $3 line should give a bit of confidence that we are near the bottom. Even though things are not really pretty with the technicals, we can assess that the upside right now is far greater than the downside.
Now, with that being said, you should still keep $2.99 on your radar screen. If we see that touched, the road back up could be a long one. Even without touching the $2's, the road to $3.50 will not be easy. At least it appears that the volume is settling down a bit.
Support and Resistance
Exponential Moving Average