$NOT Is losing momentum!.
We can do some basic technical analysis for NOT. With the highest price in the past 24 hours being 0.0225 USD and the lowest price being 0.01749 USD, along with the current price of 0.019014 USD, we can use Fibonacci retracement levels to identify potential support and resistance points .
Important Fibonacci retracement levels include:
- 23.6%
- 38.2%
- 50%
- 61.8%
- 78.6%
Applying these levels from highest to lowest price, we can calculate:
- 23.6% level: 0.0225 - ((0.0225 - 0.01749) \times 0.236) = 0.01963 USD
- 38.2% level: 0.0225 - ((0.0225 - 0.01749) \times 0.382) = 0.01861 USD
- 50% level: 0.0225 - ((0.0225 - 0.01749) \times 0.5) = 0.017995 USD
- 61.8% level: 0.0225 - ((0.0225 - 0.01749) \times 0.618) = 0.01738 USD
At the current price of 0.019014 USD, it is located between the 23.6% and 38.2% levels, suggesting that this could be an area of support. If the price drops below the 38.2% level, this could indicate that the price could continue to decline to the next support levels.
However, the decision to buy is not only based on technical analysis but also needs to consider other factors such as market news, investor psychology, and especially the behavior of "whales" in the market. school. Remember that cryptocurrency investment is high risk and you should consider carefully before making a decision.
