As you see here in weekly time frame we are resting on top of the weekly 200 SMA
which I don't think will break as support. Looks like accumulation phase and with the larger picture forming it can be a cup which according to one scenario of Elliot wave
confirms. I see it bullish
because the market as a whole is picking up volume
that would be great for most of the coins but I think for a long term this might just prove to be the best opportunity to get in.