Current situation
According to the data provided, the current price of NOT is 0.01570 USDT, with a decline of 3.68% in the last 24 hours. During the same period, the maximum price reached 0.01642 USDT, and the minimum – 0.01527 USDT.
Technical indicators
Moving averages (MA):
- MA(7): 0.01567
- MA(25): 0.01613
- MA(99): 0.01475
Short-term and medium-term moving averages show the current value close to the market price, which may indicate some stable market conditions.
Trading volumes:
- 24 hour volume (NOT): 5.01 billion
- 24 hour volume (USDT): 78.74 million
High trading volumes show significant interest in this cryptocurrency, despite the current negative trends.
Fund flows
The fund flow diagram for the last 24 hours shows the distribution between purchases and sales:
- Large orders: Buy - 1,224.72 million NOT, Sell - 1,522.11 million NOT
- Average orders: Buy - 1,776.13 million NOT, Sell - 1,923.49 million NOT
- Small orders: Buy - 1,742.65 million NOT, Sell - 1,860.03 million NOT
The resulting difference in fund flows shows an outflow of -562.12 million NOT in the last 24 hours, indicating higher selling pressure.
Forecast
Short term forecast:
Given the current negative trend and the excess of sales over purchases, in the short term we can expect a further decline in the price of NOT. However, if the price stabilizes at the current support level (around 0.01527 USDT), a recovery to the levels of MA(25) - 0.01613 USDT is possible.
The current market situation for NOT/USDT on Binance shows the dominance of sellers, which is driving the price down. In the short term, we should expect continued pressure on the price, but if the situation stabilizes, a recovery to moving average levels is possible.
Investors are advised to closely monitor trading volumes and general market conditions to make informed decisions.