Renzo has become one of the leaders amongst the alts on the drawdown. It even updated its global low.
At the same time, the price stopped at ~$0.014 as support. At the moment of maximum capitulation of the bulls, the liquidity underneath it was removed.
Having said that, the move of the last few months has accumulated a lot of arguments for upside š: 1. Global bullish divergence with RSI. 2. Local bullish divergence with RSI. 3. Bullish wedge formation.
In general, we should expect at least a serious upward bounce here in the near future šŖ