NOT/USDT Price Action Analysis
Price and Trend Overview
Current price: $0.010093.The chart indicates a breakout from a downtrend, now moving into a recovery phase with consistent higher lows.The price has crossed above the 200-period moving average (MA), signaling potential strength in the bullish trend.
Indicators
RSI (Relative Strength Index): At 60.97, suggesting a bullish momentum but nearing the overbought zone.MACD (Moving Average Convergence Divergence): Positive crossover, indicating an increase in buying momentum.Volume: Increasing, confirming the breakout and upward movement.
Key Levels
Support Zones:Immediate support at $0.009500.Stronger support lies around $0.008800 near the 200-MA.Resistance Zones:Immediate resistance at $0.011000.Significant resistance at $0.013000, a critical breakout point.
Scenarios
Bullish Scenario:Continuation above $0.011000 could drive the price toward $0.013000 and beyond.Increased volume and momentum could sustain further uptrends.Bearish Scenario:Failure to maintain above $0.010000 might trigger a retracement to $0.009500 or lower.A break below the 200-MA at $0.008800 could invalidate the bullish setup.
