it seems that these are the level where prices are not going to dump further downwards.... thanks to hodlers...
Yes there is enough buy support at these levels which can absorb some level of dump but if there will be another big sell off than those buy orders might get eaten and we might go even further down.
However chance of surge is quite high right now.
Thats right. Though there are support levels for a coin, major sell off must also be avoided in order to stop the price of the coin from falling even further and to put an end to major sell offs, people must hold their coins and not dump them.
If people HODL instead of dumping, crypto will recover shortly and see bullish trend. If there were no short term traders and everyone believed in crypto currencies, there would have been consistent and significant rise of coin in terms of price as well as coin market cap. All that people need to do is HODL and wait for the price to increase again as money pours in and new investors come.