Huge ascending triangle, bull dream if it goes up, bear dream if it goes down.
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The RSI has broken the trendline, losing momentum. If this week closes around current price or lower, it could go down to 0.05-0.07, depending on how hard the rest of the market goes, I think. 0.003 is super super far-fetched, but you never know with crypto. If it found support around 0.07, it would be likely to see a 10X bounce to test around 0.76 again though!
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The monthly gives another picture. Perhaps that support around 0.07 is possible. The descending triangle of RSI is bullish, so a breakout upwards (after the downside suggested in the weekly chart) suggest quite a big room for price increase.
Possible but many new buyers have stepped in since back who are holding too so prolly won’t stop that low but hey if it does im there 😎
karyagone
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why about drop? just on the age of alt coin increase time
molbioinfo
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@karyagone, that's why I say "may" and the idea is "neutral". If the huge triangle breaks to the upside, looks like >$35. To the downside, < $0.008. So far, the triangle has been broken (Nov 2022) and the resistance is around $0.19. I rather wait and see is $0.19 is broken (targeting to top of the triangle at $0.74), or if there is a market-wide crash and price sinks.