As of the latest chart for $NOT we observed a minor pullback after reaching a high of 0.021000. The price has now corrected to 0.019173, marking a 55.69% increase for the day. Key indicators suggest potential next moves:
1. Volume and Volatility: The 24-hour volume has increased to 58.64 billion NOT and 918.23 million USDT, indicating heightened trading activity. Such volumes often lead to either a continuation of the trend or a significant reversal.
2. Moving Averages (MA): The price remains above the MA(7), MA(25), and MA(99), suggesting that the overall trend is still bullish. The current levels are MA(7) at 0.019243, MA(25) at 0.017614, and MA(99) at 0.014932. This alignment often supports a continuation of the upward trend.
3. RSI - Relative Strength Index: The RSI has decreased to 56.531, down from the previous overbought level above 90. This indicates that the market is cooling off from the intense buying pressure and might consolidate before making the next move.
4. Order Book Sentiment: The bid-to-ask ratio is heavily in favor of #buyers with 75.20% bids compared to 24.80% asks. This strong buying interest could support further price increases if sustained.
Given the recent pullback and current technical indicators, $NOT might experience a period of consolidation within the range of $0.018500 to $0.020000. If the buying pressure continues and the price sustains above the short-term moving averages, a retest of the $0.021000 level is likely. However, traders should be cautious of potential volatility and set appropriate stop-loss orders to manage risk.
In #summary while the #bullish trend remains intact, watch for #consolidation and potential volatility before the next upward move.
