NOTUSDT: Bulls Eyeing Breakout
$NOT

NOT/USDT is currently challenging the resistance around $0.0078, with the 200-period Moving Average (MA) acting as a significant barrier. The price is trying to break above but seems to face considerable selling pressure at this level.

The 4-hour chart shows the price currently beneath both the MA and VWAP, indicating ongoing bearish pressure. The RSI is at 52, suggesting neutral momentum but slightly tilting towards the overbought region. This reflects cautious buying, with no clear bullish strength at the moment.

The MACD indicator shows slight bullish convergence, with histogram bars turning green. However, the bullish momentum needs more volume to sustain any potential breakout. If NOT can push above the $0.0078 resistance level with significant volume, it could potentially move towards $0.0080 and above.

Alternatively, failure to break this resistance may result in the price being rejected back into the $0.0074 support area, maintaining a sideways movement.

Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. All trading and investment decisions are made at your own risk.

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