#notusdt Key Levels and Bullish Divergences Indicate Upward Momentum
$NOT

In the analysis of NOT/USDT, the 4-hour and 1-hour timeframes reveal significant insights. The 4-hour chart shows notable volatility with a sharp price increase followed by a consolidation phase, and a recent uptick. The 200-period moving average (MA) at 0.01525 acts as a robust support level, while the Volume Weighted Average Price (VWAP) at 0.01662 indicates equilibrium. The Relative Strength Index (RSI) at 57.48 suggests a neutral state, and the MACD slightly above the signal line points to potential bullish momentum.

On the 1-hour chart, the price demonstrates a pattern of sharp rise and consolidation, with a slight recent decline. The 200-period MA at 0.01575 provides short-term support, and the VWAP at 0.01669 indicates minor resistance. The RSI at 56.59 remains close to neutral, while the MACD converging with the signal line suggests a potential momentum shift.

Volume analysis shows an initial sharp rise during price surges and recent volume increases indicating renewed interest. Bullish divergences are observed in both RSI and MACD across the 4-hour and 1-hour timeframes, suggesting potential upward price movement. Key levels to watch include the 200-period MA for support (0.01525 and 0.01575) and the VWAP for resistance (0.01662 and 0.01669). Fibonacci retracement levels also provide crucial support and resistance zones.

Based on the analysis, traders can expect a bullish outlook if the price sustains above the VWAP and breaks above immediate resistance levels. There is a probability of an upward move, supported by increasing volume and bullish divergences. Conversely, if the price fails to hold above the 200-period MA and retraces below the 38.2% Fibonacci level, there is a probability of a downward move toward the next support level. Continuous monitoring of technical indicators and price action is essential for making informed trading decisions.



#ETH_ETF_Approval_23July #ChartAnalysis #MarketSentimentToday #6thTrade