IMHO the next weeks IOTA will be struggling for sure.
On the other hand, today's low at $0.36330 (http://bit.ly/2jeOM8V) should be the hard bottom.
The whole concern of delegalized ICOs in China can be paradoxically good for IOTA, because:
1) It should stop the avalanche of more and more stupid ICOs that occur day by day recently
2) It should verify existing cryptos and tokens and I believe IOTA is able to outperform crypto competitors
3) It should move money from Chinese markets to reliable, developed exchanges and first of them Bitfinex