This has slid far farther down than I would have liked to see. However, price action itself is holding/double bottoming, selling OBV is tapering, and RSI is considerably higher than it was on the previous dumps to this area.
That being said, this is a new coin so the chart has less data and data from a shorter term perspective, so it's more noisy.
But that being said I do forsee this coin taking at least one more run as it's new on the scene. I would imagine its whales would like to unload more in the $2-4 range than the $1 and under range.