Two strong support zones formed here first one is near 0.5% and 0.61% Fiboancci and the second one is the 40K daily support zone .

if the price manages to break these support here then the market is extremely bearish and dump is expected else we can expect range and rises here like green paths mentioned on the chart.

The main resistance zone is near 55K and if it breaks price can pump hard.
Trend Analysis

Penafian