The coin is trading in a channel between prices 1.19754815 - 1.55112650. It is assumed that the resistance area will contain the price and the coin will move towards the channel support. The general trend towards the downward correction in cryptocurrencies generally supports this idea.
@Solldy, more like investing. Only buy, no sell. Long term hodl. Where is the bottom of the correction, since we broke support, in your opinion? Your coverage is appreciated.