The altcoin chart has reached a key support level and is attempting to stage a rebound. A solid reaction is now needed: this range must hold over the next 3–5 days.
If buyers confirm the recovery, we may have seen a significant low. If, on the other hand, we lose this area, the likelihood of a widespread 20–30 per cent sell-off across much of the market will increase.
The coming trading sessions will be decisive.