The NOT/USDT trading pair on Binance is currently priced at 0.020055 USD, marking a 3.04% increase over the past 24 hours. The 24-hour trading volume for NOT is an impressive 21.27 billion, with USDT volume at 435.09 million. The price has fluctuated between a high of 0.021831 USD and a low of 0.019251 USD within this period.
Analyzing the technical indicators, the chart displays a clear bullish trend as the price has been moving within an ascending channel. Key EMA indicators (7, 25, 99) are being monitored, with the 7-day EMA currently at 0.020251 USD, the 25-day EMA at 0.020243 USD, and the 99-day EMA at 0.019150 USD. These EMAs indicate a strong upward momentum in the short to medium term.
Given the significant trading activity observed between June 11 and June 15, 2024, and the current upward trajectory, it is likely that NOT will continue to experience bullish momentum. Investors should watch for potential resistance around the 0.022 USD level. If the price breaks through this resistance, we could see a further rise towards the 0.025 USD mark. Conversely, support levels around 0.019 USD should be closely monitored, as a drop below this could signal a potential reversal.
In conclusion, the outlook for NOT/USDT remains positive in the short term, with a strong likelihood of continued upward movement, provided the current market conditions persist. Traders are advised to keep an eye on the EMA trends and trading volumes for further insights. $NOT
