The momentum of the price is still very bearish because the RSI has fallen and the sold -up reach has arrived. This confirms the Bearish dominance, which can keep the price that can be consolidated within the lower reach of the falling parallel channel. This suggests that the price is now on its way to the support of the channel around $ 2 and also causes a rebound. If not, the story prize can discover new soils.
The recent volume group but price drop is a mixed signal for traders. On the one hand, it shows a strong market interest, while on the other hand it can mean that smart money is leaving while retail interest rates. It is therefore assumed that the story (IP) price counts all the shorts and causes a strong revival.