A significant decline after a strong rise in July. The price has now reached a support level and shows signs of a potential trend reversal or reaching a price bottom.
Future targets:
Short term (Bullish scenario):** If the trend reverses and starts to rise, it may target resistance levels at $0.012 - $0.015.
Short term (Bearish scenario):** If the current support level does not hold, the price may continue to decline to lower levels, perhaps around $0.008.
Possible scenario: The closest scenario is either continued consolidation around current levels or the beginning of a new bullish trend. An increase in trading volume during any upward movement will be a key indicator.