$1MBABYDOGE
Update to previous posts. The formation of this type of candle indicates a bottom (bullish hammer). Note that the RSI is very oversold, and the volume of the drop is also falling. Note that the stoch wants to cross upwards.
I see signs of a rise, also due to the fact that this 0.002 region is managing to hold the price.
I don't think it's interesting for the price to test support and break through, this will change the market structure for this currency.
If it happens to break through support and confirm, I will have reasons to never buy this currency again, as it appears to have clear signs of manipulation, as these consistent and standardized drops coincide with the moment when the developers transferred huge amounts of tokens to a company called wintermute, which is making profits irresponsibly. Obviously we can't take BTC's role in this drop, but it's too much of a coincidence, don't you think?
One thing I know: my trust in the developers has been shaken by this transfer. I've been on the project for almost 3 years and I have 0.95% of the market cap. It may seem like little, but it's not. I'm almost giving up until the developers show the real meaning of the transfer.