The weekly chart is showing an incredible amount of bullish divergence on the RSI dating back to June of 2019. There has been a series of HIGHER HIGHS while the price action has continued to fall lower to its current levels. Also during that time we see a relative bottom put in around April of 2020 and from that point a series of HIGHER LOWS on the RSI being set as well. Since that first low in April, movements up and back down again have created what looks to be a triple bottom with a very clear level being held as support.
I added a Fibonacci chart from that high back in June 2019 and down to the lows of this week and we can see very clearly that there is strong confluence with previous levels on this asset. If you look at the wick up in August of 2020 you see it snugs right up to the .236 fib level. Using the expectation that this is a triple bottom being set in place, you can take that measured move from where it would break and that would take you to the exactly to the .382 fib level. Other fib levels also show previous wicks up testing those levels during the down trend.
Finally, if you look at the volume levels on the right, you notice that just above the .618 fib level there are relatively low levels of volume from there up, which is what allowed this asset to fall so quickly and conversely could allow it to move up in a similar manner once certain levels are broken.