🔴$NOT Hits Strong Support it Will Soon Rise More Than 90% 🔴The NOT token's price has recently gained bullish momentum, indicating that buyers are beginning to exert control over its price movement. After a sharp correction of 65% following a swing high of $0.0293 on June 2, 2024, the token's price has shown signs of recovery in the past few days. It found strong support at the $0.0090 level, marking a critical change in market sentiment. This shift could signal the beginning of a new upward trend.

Technical Analysis:

- The NOT token price is traded below the 20-day and 50-day EMAs, with the EMAs trading in a death cross, indicating a declining trend.

- The traded price of the token is below the Supertrend ATR, trading in a downtrend.

- The MACD indicator exhibits neutral behavior, with the MACD and signal line overlapping and trading in negative territory.

- The RSI traded below the 50 level, hitting the oversold zone a few days ago, indicating a strong downtrend in the short term.

Support and Resistance Levels:

- Support: $0.00450 and $0.0090

- Resistance: $0.0180 and $0.0210

If NOT breaks above the key resistance level of $0.011650 and sustains this momentum, we may see further price increases shortly. This potential breakout could pave the way for higher price levels if buyer interest continues to strengthen.

Derivatives Data Analysis:

- The value of the derivatives traded volume for the Notcoin declined by 30% in 24 hours.

- Despite the decline in traded volume, an advance of 5.4% in open interest was recorded, resulting in a value of $115.09M.

- A larger amount of longs were liquidated in Notcoin, resulting in a value of $360.83K, while shorts worth $217.37K were liquidated, showing that bears dominated, resulting in a long/short ratio of 0.9175.

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