The 4-hour candlestick chart shows a downtrend, with the price failing to hold above previous support levels. The continuous decline and formation of lower highs and lower lows indicate strong selling pressure.
Given the current market conditions and technical analysis, the price of $NOT is likely to experience further downward pressure in the short term.
However, the oversold indicators (Stochastic RSI and RSI) suggest that a potential rebound or consolidation phase could occur towards the end of this period.
Short-term Target: The price could potentially test lower support levels around $0.0165 - $0.0160.
Rebound Potential: If a rebound occurs, resistance is expected around $0.0185 - $0.0190.
For the next 7 days, expect $NOT to trade within a bearish range, potentially finding support near $0.0160. A minor rebound might be possible if buying interest increases.
Caution is advised, and monitoring market conditions closely is recommended for making informed trading decisions. ⚠️