The price has currently corrected well. However, it is expected to correct another 20 to 30 percent. I see around $0.2026 as the bottom for this currency, and from there, it could start its move towards $0.8. If the bottom of $0.2026 is lost under any circumstances, there will be no barrier to holding the price, and it could drop to around $0.0718. Having this currency on your watchlist is not a bad idea.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.