Analysis of the #NOT Coin (#NOTUSDT🚨 /USDT) chart reveals a recent history of significant price increases followed by a continuous decline. At the time captured by the chart, the coin is showing a 12% drop, with the price around $0.0090 USDT, indicating a bearish trend in the short term.
The MACD (Moving Average Convergence Divergence) indicator shows divergence, which could signal a potential trend reversal or the continuation of the downward movement
depending on the direction of the moving averages and histogram.
In terms of support and resistance, the NOT Coin price seems to have encountered resistance around $0.02 USDT during the peak observed in June, when a reversal occurred and the price began to fall. Currently, the nearest support might be around $0.010 USDT, considering the price is trading close to this level. If the price breaks this support, a further decline may occur.
Therefore, the #NOT Coin is at a critical point, where the continuation of the bearish trend or a possible reversal will depend on the price action relative to the current support level. Monitoring the movements in the coming days will be essential for those interested in trading this coin.