$BTC In the past four hours, the NOT/USDT trading pair on Binance has demonstrated a notable fluctuation in price action. The chart shows a significant downtrend from a high of 0.020822 to a low of 0.013771, indicating substantial bearish pressure. The 7-period moving average (MA) currently sits at 0.014580, while the 25-period and 99-period MAs are at 0.015174 and 0.018023, respectively. These averages illustrate that the short-term trend remains below the longer-term averages, suggesting continued downward momentum.

Trading volume has been relatively high, with a notable peak at 1,386,536,747, reflecting active market participation. However, the price has struggled to break above the immediate resistance at the 25-period MA, indicating persistent selling pressure.

In terms of volatility, the price has shown a marked decline over the past seven days, down 23.32%. Despite this recent dip, the 30-day performance remains positive with a substantial 169.39% increase, highlighting the overall bullish sentiment in the longer term. The immediate support level is around 0.013418, which if breached, could see further declines.

Overall, the market sentiment for NOT/USDT appears bearish in the short term, with critical resistance levels yet to be overcome and the moving averages pointing towards continued downside risks. Traders should closely monitor volume and price action around the key support and resistance levels for potential reversal signals.#MicroStrategy $BNB