$NOT
### Patterns and Trends:
1. **Breakout of the Descending Triangle**: The chart shows that the price has successfully broken out of the descending triangle pattern, and is currently above the resistance line which was previously an obstacle.
2. **Trading Volume**: High trading volume confirms the strength of this breakout, indicating strong buying interest in the market.
3. **Support and Resistance**:
- **Nearest Resistance**: The highest price in the last 24 hours is around 0.021831 USDT.
- **Nearest Support**: A new support level is formed around 0.018863 USDT, which is the lowest price in the last 24 hours.
Potential Price Movement:
Possible Increase**:
- A strong breakout of the descending triangle pattern provides an indication of potential further upside.
- If the price can break the resistance around 0.021831 USDT with high trading volume, then this will be a strong indication of potential further price increases.
- The Stochastic RSI indicator shows overbought conditions, but this could also signal strong bullish momentum.
Possible Drop**:
- If the price fails to maintain its position above the broken resistance line, there is a possibility that the price will fall back to the support level around 0.018863 USDT or lower.
- Declining trading volume after the breakout could be an indication of a lack of sufficient buying power to sustain this rise.
Conclusion:
NOT/USDT price is showing bullish signs after the breakout of the descending triangle pattern. The Stochastic RSI indicator is approaching overbought conditions, which means there is potential for a short-term price increase. However, to confirm this move, the price needs to break the resistance level around 0.021831 USDT with increasing trading volume. Otherwise, there is a risk that the price will fall back to the support level around 0.018863 USDT or lower. Trading volume movements need to be watched closely to confirm the strength of the current trend.