The asset price recently bounced off the support level at around 0.49 and is now gradually recovering positions near the mark of 0.52.
Such behavior indicates that the market has found a temporary balance after a brief pressure from sellers.
If buyers can strengthen the momentum and break through the resistance in the area of 0.56, then the growth may gain traction and push the quotes above the level of 0.60, opening potential for further upward movement.
Judging by the current trading volume and price reaction, the dip was quickly bought up by active market participants, which increases the likelihood of a recovery of the upward trend.
You can have fun with shorts between the levels of 0.52 - 0.54🥳💸