In the weekly timeframe, the Blue LSMA and Red RSI is still trending downwards, and there is still room to go lower.
The price is currently supported by the yellow trendline in my Pitchfork, breaking below this line could bring the price to the 1st support around 13.5 USDT, or 2nd lower support around 12.7 USDT.
However, if there is a bounce from this level, the price could go up to the 20 USDT region before meeting resistance.
Summary: Mainly still showing downward pressure, could trade sideways or fall as low as 12.7 USDT. Small possibility of bouncing from this level up to 20 USDT.
The price is currently supported by the yellow trendline in my Pitchfork, breaking below this line could bring the price to the 1st support around 13.5 USDT, or 2nd lower support around 12.7 USDT.
However, if there is a bounce from this level, the price could go up to the 20 USDT region before meeting resistance.
Summary: Mainly still showing downward pressure, could trade sideways or fall as low as 12.7 USDT. Small possibility of bouncing from this level up to 20 USDT.