Current situation
Currently, the price of the NOT/USDT pair is 0.01416, which shows a decrease of 1.12% over the last 24 hours. Trading volume for this period was 4.20 billion NOT, which is equivalent to 59.27 million USDT.
Flow of funds
The chart shows that in the last 24 hours, 4,331.04 million NOTs were sold, while the purchase volume was 4,096.58 million NOTs. This results in a net outflow of NOT 234.46 million. However, large sell orders account for a significant portion of this outflow - 1,198.29 million NOT versus 1,068.51 million NOT buy.
Technical analysis
The chart shows that the price recently reached a high of 0.01797 and has been in a downward trend since then. The 7, 25 and 99 day moving averages (MA) show current values of 0.01416, 0.01528 and 0.01571 respectively. This confirms the downtrend as the current price is below all moving averages.
Trading volumes
Trading volumes remain high, indicating significant interest in the asset despite the price decline. However, the last 5 days have shown a total outflow of 798.70 million NOT, which could indicate continued pressure on the price.
Forecast
Given current data, downside price pressure is likely to continue in the short term. However, high trading activity and interest in the asset may lead to a correction and potential growth if market sentiment improves.