NANOBTC - When will it end? More resistance?

BINANCE:NANOBTC has been taking a pounding, much worse than many other alts. NANO is still a top 45 coin on CoinMarketCap at the moment despite the continued bleed. Unlike many other alts, it didn't get a lot of relief this last week or so and is just now approaching its 50 day SMA, which is coincidentally a spot which had once serve as support as circled in the chart.

With Stochastic RSI turning down from oversold conditions, price approaching the 50 day SMA from below at a point that was once support we would be looking towards lower levels. It seems like NANO is overdue for some major relief, but it may not be happening yet.

DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.