Tried to highlight the recent history of what happens right after a drastic dip, in respect to the longer trend. We see a lull in the price and volume combined followed by a price spike. I think the low rsi indicates some type of action is in the near future.
Note
No news/announcements to stop the stagnation. Still maintaining above support at 0.56, even in a down market. Hopefully an influx in total market cap keeps it afloat until the weekend
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.