From the updated chart provided:

Observations:

  1. Current Price: The price is now at $0.0169, showing a slight bounce from the support level.

  2. Support and Resistance:

    • The key support remains around $0.0163, as it has held the recent price action.

    • Immediate resistance is around $0.018, followed by a stronger level near $0.020.

  3. RSI: The RSI appears to be recovering from an oversold condition, which suggests the potential for a continuation of the bounce.

Prediction:

  • Upside Scenario: If the price sustains above $0.0169 and breaks the immediate resistance at $0.018, it could move toward $0.020, especially if the RSI continues to rise and volume increases

  • Downside Scenario: If the price fails to hold above $0.0163, further downside is likely, possibly testing $0.015 or lower.

The short-term direction will likely depend on whether the bounce gains