The first support on the downside is the 38.2% Fibonacci retracement level at $0.6646150 and then the 50% retracement level at $0.5958618.
f the price rebounds off either support, it will suggest that bulls continue to look for buying opportunities on dips. They will then try to resume the uptrend and drive the price to the psychological level at $1.
On the contrary, if the bears sink the price below $0.5958618, the correction could deepen to the 20-day EMA ($0.51).
f the price rebounds off either support, it will suggest that bulls continue to look for buying opportunities on dips. They will then try to resume the uptrend and drive the price to the psychological level at $1.
On the contrary, if the bears sink the price below $0.5958618, the correction could deepen to the 20-day EMA ($0.51).