Let's break down this $ANIME chart.
Oof, that was a pretty significant correction we just had. From the highs around 0.046, we've dropped quite a bit.
Looks like we're trying to find some footing now, bouncing around the 0.029-0.031 area.
This could be a new, albeit lower, support level.
Volume on the way down was heavy, which confirms the selling pressure.
Now, we're seeing much lighter volume as it tries to stabilize.
If it can hold this current range, we might see a small bounce back towards 0.033 or 0.034.
But honestly, the overall picture is bearish right now. Need to see some real buying interest and volume pick up to feel confident about a stronger move up.
Tread carefully here.