Analysis of NOT/USDT on Binance
The NOT/USDT analysis on Binance highlights significant price swings and technical indicators pointing to potential support and resistance levels. After peaking at $0.029400, the price returned to its current level of $0.021738 supported by converging moving averages.
- Support and resistance levels:
- 7-period MA: $0.021589 (immediate support)
- 25-period MA: $0.022247 (next resistance)
- 99-period MA: $0.012744 (indicates higher trading range)
- Volume analysis:
- Increasing volume around the peak, indicating increased interest.
- The recent decrease in volume indicates a possible consolidation.
- Key levels for monitoring:
- Support: around $0.011666, the low before a big rally.
- Resistance: peak at $0.029400 and 25-period MA.
Traders should keep a close eye on these levels as a breach could indicate the next direction for NOT/USDT. Given the recent volatility, risk management strategies are important.
Thus, the current consolidation between the moving averages marks a critical point. A break above the 25-period MA could retest the recent high, while a break below the 7-period MA could signal a further decline.