Current situation:
Current price: 0.01039 USDT, which represents a decrease of 0.29% over the last 24 hours.
Price range for 24 hours: 0.01000 - 0.01066 USDT.
Trading volume:
NOT: 6.22 billion.
USDT: 64.32 million.
Technical analysis:
Moving averages (SMA):
MA(7): 0.01037
MA(25): 0.01166
MA(99): 0.01395
Trading volumes (VOL):
Today: 92.5M
Last 7 days: -27.31%
Last 30 days: -52.38%
General trends:
The chart shows a downtrend that started around June 20 and continued until the end of June when the price fell to 0.00912 USDT.
In recent days, there has been a slight increase in the price, which may indicate short-term consolidation or the beginning of a recovery.
Forecast:
Short term: Price is currently consolidating in a narrow range after a significant decline. If trading volumes remain stable or begin to increase, this could lead to a breakout of the resistance level at 0.01066 USDT.
Recommendations:
Investors: Keep an eye on resistance and support levels, as well as trading volumes. In case of further decline, additional entry points are possible.
Traders: Short-term trades can be profitable if you closely monitor technical indicators and volumes.
The NOT/USDT market is showing signs of stabilization after a significant decline. Investors and traders should closely monitor trading volumes and key resistance levels to make informed decisions.