Technical Analysis Report: $NOT /USDT

Current Price: $0.009030

$NOT /USDT has recently shown a negative trend, currently priced at $0.009030, reflecting a decrease of 2.82%. The pair traded within a range of $0.008804 to $0.009832 over the past 24 hours. The downward movement from its 24-hour high suggests that sellers have been active at higher levels, pushing the price towards the lower end of its recent range.

Resistance and Support Levels: Resistance for NOT/USDT is currently situated at the 24-hour high of $0.009832. A move above this level could indicate a shift in market sentiment from bearish to bullish, potentially leading to further price increases. On the flip side, the immediate support is at the 24-hour low of $0.008804, which has served as a cushion for the price during recent trading sessions.

Trade Recommendations: Traders should monitor if the price can sustain above the recent low of $0.008804. A break below this support could signify a continuation of the bearish trend, with potential targets lower. Conversely, if the price rebounds from this support, traders might consider long positions, aiming for a retest of the $0.009832 resistance. It's essential to place stop losses strategically to manage risks associated with sudden price movements.

This trading scenario underscores the importance of watching key technical levels for NOT/USDT, as breakouts or breakdowns from these points could determine the next significant price movements in the market.

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