$NOT Based on the analysis of the presented charts and metrics for the NOT/USDT token:
1. Trading volumes:
• 24-hour volumes are down 5.20%, indicating a decrease in market activity. This decrease in volume suggests that investors may be losing interest or holding positions at current levels.
2. Current price:
• The 1-hour chart shows consolidation after the previous decline, which may indicate a temporary support level.
• The 4-hour chart shows a downtrend forming, especially if the price continues to move below 0.008560 (24-hour low).
3. RSI indicators:
• On both the 1-hour and 4-hour charts, the RSI is around 40, indicating that the asset is close to the oversold zone. This could indicate a potential short-term upside bounce, but the risk of a continuation of the downtrend is still high.
• If the RSI falls below 30, it signals possible oversold conditions and a possible buying opportunity.
4. Technical analysis and recommendations:
• If the price breaks the support level at 0.008560 and consolidates below it, this may intensify the downward movement.
• In case of a rebound from the current levels (0.008560-0.008700), we can expect movement to the nearest resistance in the region of 0.009000-0.009300.
• Recommendation: Wait for confirmation of a reversal (eg on the 4-hour chart if the RSI starts to rise and breaks the 50 level), or consider buying when there are more obvious signs of oversold conditions (RSI < 30).
Conclusion: Until the market shows clear reversal signals, it is worth being careful with purchases and waiting for confirmation of a trend change.
