ALT analysis:

The price is currently breaking down the long uptrend channel, indicating a potential test of the local support level. It's important to observe whether the price can hold this level. It is recommended not to open new long positions at this time, and instead wait for a test of the major support area.

Local Support Area: $0.43-$0.46

Major Support Area: $0.29-$0.32

Resistance Area: $0.535-$-.583