Recent Price Action of NOT/USDT on Binance

The NOT/USDT trading pair on Binance has experienced significant volatility over the past 24 hours, as evidenced by the recent charts. At 07:31, the price of NOT was recorded at 0.016134 USDT, reflecting a sharp decline of 12.55% within the day.

Price Movement Analysis

The price reached a high of 0.018448 USDT and a low of 0.014389 USDT within the last 24 hours. The volume for NOT in the same period was 19.87 billion, while the corresponding volume for USDT was 340.63 million.

The Exponential Moving Averages (EMAs) on different time frames show bearish signals. The EMA(7), EMA(25), and EMA(99) are currently trending downwards, indicating a strong bearish momentum. Specifically, the EMA(7) at 0.016266, the EMA(25) at 0.017311, and the EMA(99) at 0.018567 highlight the consistent downward trend.

Technical Indicators

The trading volume has spiked on certain occasions, suggesting periods of intense selling pressure. The Moving Averages (MA) for the 5, 10, and 30-day periods further corroborate the bearish outlook:

• MA(5): 1.093,338.275

• MA(10): 801,649.170

• MA(30): Significant increases in volume by 141.53% over the past month

Market Sentiment

The overall market sentiment for NOT/USDT appears to be bearish in the short term. The price decline and increased volume indicate that traders are currently more inclined to sell rather than buy, as reflected in the negative percentage changes for today (-7.69%) and the past seven days (-10.16%).

Conclusion

The recent price action of NOT/USDT on Binance underscores a period of significant volatility and bearish sentiment. Traders should exercise caution and consider the broader market conditions and technical indicators before making trading decisions. The bearish momentum, as indicated by the EMAs and MAs, suggests that the price may continue to face downward pressure unless there is a shift in market dynamics.#NOT🔥🔥🔥 #Notcoin #$NOT #analytics