1. Price trend:
Since mid-early June, the price of the NOT/USDT pair has dropped sharply from a peak of around 0.022 USDT to the current level of 0.007561 USDT. After a sharp decline in July, the price has had small recoveries, but the overall trend is still bearish. The price has continued to fluctuate in a narrow range since mid-August, indicating that the market is in the accumulation phase and there is no strong momentum to increase again.
2. Trading volume:
Trading volume tends to increase when the price falls and decrease when the price recovers, which shows that selling pressure is still strong in the market. Recently, trading volume has decreased sharply, which may be a sign of indecision from both buyers and sellers.
Short-term: The downtrend is still dominant, so if you are a short-term investor, it is best to be cautious. Currently, there is no clear signal of a reversal. It is necessary to wait for more information and more specific signals on trading volume or a breakout from the current price zone. Long-term: For long-term investors, if you believe in the project and the market's ability to recover, the current price zone can be an opportunity to accumulate gradually. However, you need to be mentally prepared for the price to continue to adjust before increasing again.
