Today I will analyze the chart of the NOT token as for me it is a profitable one ( FOLLOW THE INVESTMENT SHOW) on the daily timeframe it is clear that the price is in a consolidation phase after the recent decline. Here are some key points and the forecast:
Moving Averages: The price is currently below the short-term moving averages, which may indicate possible resistance near $0.00807 (SMA 20). The price needs to consolidate above this level to confirm the uptrend.
Bollinger Bands: The current price is closer to the middle line of the Bollinger Bands. This may indicate a possible upward movement, but a test of a return to the lower border at $0.00723 is also possible.
MFI indicator: The MFI (Money Flow Index) indicator value is at 40.06, which indicates a neutral market condition - it is neither overbought nor oversold. This may indicate a probable price consolidation before the next phase of the movement.
Volumes: Trading volumes remain low, confirming consolidation. An increase in volumes could signal the start of a larger price move.
Forecast: If the price can consolidate above the resistance level of $0.00807, an upward movement to the next important level of $0.01100 is possible. In case of failure, a rollback to the support at $0.00723 may occur.
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