I'm looking at OP's chart now - after the correction, it's testing a major resistance level. The long-term trendline is creating lower highs, which is a bit concerning. The current price is at $0.12, down 2.63% in the last 24 hours but up 0.76% on a weekly basis.

If there is a rebound from this resistance, a quick move toward the demand zone could occur. Among Layer 2 solutions, Optimism remains important, so this level should be monitored. If it breaks down, support levels further below will need to be identified.