Recent Decline in $NOT: What Experts Say and What to Do Next
The recent decline in $NOT/USDT, marked by a 13.89% drop to $0.017292, underscores a significant bearish trend. The 4-hour chart shows a steady downtrend since peaking at $0.021831. Moving averages (MAs) confirm this negative momentum: MA(7) at $0.018154, MA(25) at $0.019303, and MA(99) at $0.019611, all trending downward. Continuous red candles and higher volumes during sell-offs indicate strong selling pressure. As the price approaches the 24-hour low of $0.016473, it may soon test this support level.
If the current selling trend persists, the price might fall further, potentially reaching around $0.016. However, if buying interest rebounds, it could recover towards the MA(25) near $0.019. For now, market sentiment remains bearish, and caution is advised as the coin navigates this challenging phase.
