$NOT

To assess the market trend based on the chart and indicators provided, here's an analysis:

1. Price Action

The price is recovering after hitting a low of 0.007170.

It is trading slightly above the 7-period Moving Average (MA) (yellow line), indicating a short-term upward momentum.

2. Moving Averages (MA)

MA(7): 0.007312 – The price has moved above this level, suggesting short-term bullishness.

MA(25): 0.007408 – Price is very close to this level, so it acts as immediate resistance. A strong close above could signal further upward movement.

MA(99): 0.007780 – This is far above the current price and indicates that the overall longer-term trend remains bearish.

3. Volume

The 24-hour volume is significant:

9.78B (NOT)

72.24M (USDT)

Rising volume combined with price recovery is a positive sign. It indicates buying interest and may support upward momentum if sustained.

4. MACD Indicator

The MACD is at a neutral-to-slightly bullish phase:

DIF: -0.000079 (slightly negative but recovering).

DEA: -0.000099.

The histogram is flattening, suggesting that bearish momentum is weakening and a bullish crossover could occur.

5. Resistance and Support Levels

Immediate Support: 0.007170 (recent low).

Immediate Resistance: 0.007423 (current price area).

Strong Resistance: 0.007715–0.007780 (near MA(99)).

Conclusion: Short-term Trend

The short-term trend shows signs of a potential bullish reversal, but it needs confirmation:

If the price closes above MA(25) (0.007408) with rising volume, the upward trend may continue.

Failing to break resistance could lead to sideways movement or a pullback toward the support level of 0.007170.

Keep an eye on volume and resistance levels to confirm the trend. If volume decreases, price may struggle to break above the current range.