Technical analysis of the asset NOT (NOTUSDT) 📉
$NOT $NEIRO $1MBABYDOGE
The NOTUSDT asset chart shows several important technical signals that traders should take into account. Let's look at them in more detail:
1. Long-term downtrend ⬇️
NOT has been in a long-term downtrend since June 2024. This entire period has been characterized by a steady price decline within a bearish channel, which signals negative sentiment among investors.
2. Key Moving Averages (MA) 📊
Current values of the main moving averages:
AND (7): 0.00756
AND (25): 0.00801
AND (99): 0.01236
The price is significantly below the MA (99), which confirms the presence of a long-term bearish trend. In addition, MA (7) and MA (25) show weakness in the asset, which indicates a possible continuation of the decline if there is no reversal.
3. Parabolic SAR 📈
The Parabolic SAR indicator points to short-term pressure on the asset from the level of 0.00826, which confirms the bearish sentiment in the market.
4. Bollinger Bands 🎯
Bollinger Bands are compressed, indicating low volatility of the asset. This may foretell a strong move in the near future. If the price breaks out of the bands, it may signal the beginning of a new trend - up or down.
5. Ichimoku Cloud 🌥
The Ichimoku cloud indicator shows resistance around 0.00967. The price is trading below the cloud, which is also a bearish signal. As long as the asset is below the cloud, the probability of further decline remains.
6. Support and resistance 🛑
Support: The main support level is located at 0.00705. If it is broken, the price may continue to fall to lower levels - to 0.00216, which will be a decrease of 51%.
Resistance: The first key resistance is at 0.00967. A breakout here could signal a possible price recovery to the 0.01801 area, which would provide a 246% increase.
7. Possible scenarios 🔮
Bullish scenario: A break of resistance at 0.00967 could trigger a sharp rise to levels around 0.01801, which would represent a gain of more than 246%.
Bearish scenario: If the price breaks the support at 0.00705, the decline may continue to 0.00216, which would be a decline of 51%.
Conclusion 🧠
The NOT asset is currently showing weakness, and bearish pressure continues to prevail in the market. Low volatility and being under the Ichimoku cloud indicate a possible continuation of the downtrend. Traders should closely monitor support and resistance levels in order to react in time to possible changes in the trend.
