If you look at the chart, it is in a bearish trend as a whole... I'd say the main support point right now is somewhere near $0.30... It's wicked there a few times already as the trend continues to slope down towards it... If you look, before POTN ever really broke past $0.30, it found resistance there too... Placed of resistance become support once broken and closed above... If $0.30 is broken through, it might hit $0.20 as that was a support bouncing point before but more importantly the 200MA is rising and may meet $0.20 soon, the 200MA is a support point as well...
What happens after that depends on how it reacts... It could bounce.... It could breakout bearishly...
Given the probable golden cross on the weekly chart, I'd say it may bounce... But strength of the bounce I don't know...
On the weekly chart it looks like the pps is using the 200MA as support right now...
Weekly chart looks like momentum is going to continue bearishly depending how the MACD moves.... No sign of a reversal yet, meanwhile the black line is falling below the signal line... The daily chart shows the opposite, bullish momentum expecting to pick up soon... But the weekly momentum is going to be stronger than the daily...
Purely all based on TA... I don't give a damn about crypto news here... Crypto is a dime a dozen in the OTC... Seems it's losing popularity lately too as a whole...
But you never know... Could if nothing else be good for a small bounce... Someone's probably buying it...
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