This is bad if the price will not recover, we have already hit the 0.02 mark in the past few weeks but now we are dropping, although it has some good signs due to the recent price increase but that does not convince the majority of supporters, I hope XMR will not die and people will continue to support this.
From a somewhat longer term viewpoint, I would consider a long consolidation in the 015-200 range to be a very positive development. I don't have any firm expectation how long this range will hold - on all evidence, probably not very long - but the longer it does last, the more bullish the future prospects will become.
Giant ascending triangle being painted...just the beginning of the triangle/wedge.
