According to current movements, the situation may progress as follows..

Analysis: Bearish Signs: The price is below all major moving averages. An extremely low RSI indicates that the asset is oversold. The recent sharp price drop and high volume indicate strong selling pressure. Recovery Potential: An extremely low RSI could lead to a short-term rally, because this usually indicates excessive selling. Recommendations: Short Term: A potential recovery should be watched due to the extremely low RSI. However, caution should be exercised as the general trend is downward. Confirmation signals such as the price rising above important moving averages or a significant decrease in sales volume should be expected. Long Term: Unless there is a strong return signal, the current downward trend may continue. Fundamental news or events that may cause a change in sentiment in the market should be followed. If you are in a long position, you may consider placing stop-loss orders for risk management. Conclusion: The current outlook is bearish, but there is a possibility of recovery in the short term due to oversold conditions. Careful monitoring and risk management is recommended.