🚨$NOT / USDT Analysis: Short-Term Volatility, Long-Term Bearish🚨

Current Price: $0.007164

24h Low: $0.006952

24h High: $0.007447

24h Volume (NOT): 4.05B

24h Volume (USDT): 29.43M

MA(7): $0.007103

MA(25): $0.007164

MA(99): $0.007281

Overview

$NOT / USDT is currently trading at $0.007164, down 0.04% in the last 24 hours. The trading volume has been robust, with $4.05B worth of NOT traded in the past day.

Technical Analysis

* Short-term: The 7-day moving average (MA7) is below the current price, indicating potential upward momentum. However, the recent price action has been volatile, with several red candlesticks suggesting a bearish sentiment.

* Mid-term: The 25-day moving average (MA25) is nearly flat, suggesting a consolidation phase. The price is currently slightly below this moving average, which could lead to further downward pressure.

* Long-term: The 99-day moving average (MA99) is above the current price, indicating a bearish long-term trend.

Overall

The short-term outlook for NOT/USDT is mixed. While the 7-day moving average suggests potential upward momentum, the recent price action and the long-term trend are bearish. Traders should exercise caution and monitor the market closely for further developments.

Disclaimer: This analysis is based on historical data and technical indicators. It is not financial advice and should not be taken as such. Always do your own research before making any investment decisions.