Short term support and pressure level for $NOT
The current short-term support and resistance levels for NOT are as follows:
Support Level: $0.008353
Resistance Level: $0.009679
To determine whether you should be bullish or bearish on NOT, we need to consider various factors:
1. Current Price: The current price of NOT is $0.009265, which is closer to the resistance level. This suggests that there might be selling pressure in the short term.
2. Market Sentiment: The Market Sentiment Index is 72, indicating a relatively positive sentiment. However, it is important to note that sentiment can change quickly in the cryptocurrency market.
3. Funding Rate: The current currency funding rate is 0.00037437, which is neither significantly positive nor negative. This indicates a balanced interest from both long and short positions.
4. Technical Indicators: The provided data does not show any specific patterns or signals from the KDJ, MACD, RSI, EMA BREAK, and BOLL indicators. This suggests that there is no strong indication of a bullish or bearish trend in the short term.
Considering these factors, it is difficult to determine a clear bullish or bearish stance for $NOT in the short term. The market sentiment is positive, but the current price is closer to the resistance level, which might indicate selling pressure. It is important to closely monitor the price action and any significant changes in market sentiment or funding rates before making a decision.