The down sloping 20-week EMA and the RSI in the negative territory show that every pullback will be met with selling pressure. As the support at $0.28 broke, the fall can extend to the next lower level at $0.1427. Still, there is a minor support close to $0.23 levels.
However, if the price recovers from the current levels and rises above $0.4037, the digital currency might consolidate for a few weeks before attempting to start a new uptrend.
I would wait for the trend to change before buying. Not an advice, just an opinion
However, if the price recovers from the current levels and rises above $0.4037, the digital currency might consolidate for a few weeks before attempting to start a new uptrend.
I would wait for the trend to change before buying. Not an advice, just an opinion