1. NOT

  2. An interesting journey is currently being shown in the market, and its movement can be analyzed based on the images:

1. Sharp decline and entry into the accumulation phase:

The currency has previously suffered a sharp decline, losing a lot of its value over the past periods of time, which prompted it to enter a long accumulation phase. This phase is known as a period of relative stability in which the price ranges within a certain range, and it is noted that the price respects support and resistance levels to a large extent.

During this phase, the market begins to evaluate the currency, making the price action more stable, in preparation for a potential big move.

2. Respect the rising trend:

The price is respecting the uptrend largely in recent periods, with higher highs and lows being recorded. This is a positive sign indicating buyers’ interest and the entry of new liquidity.

3. Volume:

Volume in the accumulation phase was relatively low at first, but it has gradually started to rise, which is an indication of increased activity. When high volume is coupled with strong price action, it may indicate that the coin is ready to exit the accumulation phase.

4. Current stage:

Currently, the coin seems to be nearing the end of the accumulation phase, as it is showing attempts to break through key resistance levels. The current uptrend increases the chances of a breakout soon, especially if the volume continues to rise.

5. Upcoming possibilities:

Positive scenario: If the price succeeds in breaking the resistance with a strong rise in volume, we may witness a significant rise that will take the currency out of the accumulation phase and into the bullish phase.

Negative scenario: If the breakout fails and the volume remains weak, the price may return to test the lower support levels.

  1. #NOT🔥🔥🔥

  2. #Binance

  3. $NOT

Conclusion: The coin is now in a very sensitive phase, showing positive signs of exiting the consolidation, but the breakout depends largely on the increase in volume and the continued respect of the uptrend. Monitoring the volume and price action in the coming days will be crucial to determine the market direction.