After establishing a temporary bottom at $0.0070 and persistently accumulating amidst the crowd's skepticism, $NOM is ready for a recovery phase. The current structure on the chart resembles a spring that is tightly compressed after a severe "wash out" phase. The fact that the price has not dropped further despite negative news indicates that insider buyers have gathered enough stock.
This is not the time to ask "why is it crashing", but rather a time to assess the position as the accumulation structure has become very clear around the mark of $0.0071. The sellers are completely exhausted after having sold off from the peak, and once the short-term resistance is conquered, a Short Squeeze will push the price back up to punish those who exited their positions at the bottom. The issue is not how much the price has dropped, but why you still do not have a position when all signals for "blood change" among holders have been completed.
