$NOT Mid-Term Technical Overview on NOT/USDT
The performance of NOT/USDT over the past few weeks has been a clear reflection of ongoing bearish pressure in the market. As of now, the pair trades at $0.001975, with the most recent daily movement showing a -2.13% decline. What is more important than today’s drop is the medium-term performance, which tells a broader story of where this asset might be headed.
In the past 7 days, NOT has posted a modest +0.71% gain, suggesting that despite volatility, there are attempts from buyers to push the market up. However, when zooming out:
30 Days: -2.66% decline.
90 Days: -21.25% loss.
180 Days: -30.41% loss.
1 Year: a massive -77.73% decline.
This paints a clear picture: although short bursts of buying do appear, the dominant mid-to-long-term trend is bearish. The price has been consistently rejected around higher moving averages, and unless strong volume comes in, it will remain difficult for bulls to flip the trend.
Looking at the moving averages, the MA(25) is at $0.001991, slightly above the current trading price. Meanwhile, the MA(99) at $0.002017 acts as a ceiling. This creates a resistance zone between 0.001991 and 0.002017. For bulls to stage any significant comeback, a breakout above this region is essential. On the downside, the $0.001971 support remains crucial. A breakdown could lead to further declines toward $0.00190.
For medium-term traders, risk management is the key. Many investors are likely underwater given the 1-year decline, and panic selling can easily accelerate drops. This means swing traders need to stay disciplined and not chase pumps. Instead, they should watch for confirmation signals:
Bullish case: A sustained close above $0.00202 could trigger a push toward $0.00205 – $0.00210.
Bearish case: A breakdown below $0.00197 could extend the fall to $0.00190 – $0.00185.