Current situation
Price and volume:
- Current price: $0.01365
- 24 hour high: $0.01409
- Minimum for 24 hours: $0.01306
- 24 hour volume (NOT): 3.59 billion
- 24 hour volume (USDT): 48.92 million
Flow of funds (funds receipts)
Fund flow analysis shows:
- Total flow: -238.37 million NOT
- Large orders: -136.24 million NOT (buy: 820.46 million, sell: 956.70 million)
- Average orders: -92.25 million NOT (buy: 1.43783 billion, sell: 1.53008 billion)
- Small orders: -9.88 million NOT (buy: 1.19799 billion, sell: 1.20787 billion)
This suggests that the market is experiencing negative net flow, which may indicate a dominance of sellers.
Technical indicators
Moving averages (MA):
- MA(7): 0.01360
- MA(25): 0.01387
- MA(99): 0.01510
Trend:
- The chart shows that the price is below all major moving averages, indicating a bearish trend.
Volumes and volatility
- The price has declined by 0.73% over the past 24 hours, while trading volumes remain high (3.59 billion NOT).
- Over the past 7 days, there has been a decrease of 14.58%, which confirms the overall negative trend.
Forecast
Based on current data, the following conclusions and predictions can be made:
Technical analysis: Given that the price is below all major moving averages, expect the bearish trend to continue in the short term.
Volumes: High trading volume with a falling price indicates active selling. This may continue until strong buyers emerge or the market reaches a support level.
Fund Flow: Negative net fund flow also supports bearish market sentiment