$NOT /USDT: Downtrend Signals Risk and Opportunity
$NOT /USDT is trading at $0.006267, down 3.05% in the last session. The coin tested a high of $0.006573 and a low of $0.006263, showing persistent downward pressure.
Key Levels to Watch:
Immediate Resistance: $0.006500
Critical Support: $0.006200, $0.006000
Bearish Risk:
A failure to hold above $0.006200 could result in further declines toward $0.006000, which serves as a critical psychological level. MACD and RSI point to bearish momentum, with the RSI nearing oversold territory at 30.48.
Bullish Potential:
If NOT rebounds above $0.006500, it could target $0.006700, signaling a potential recovery backed by increasing volume and short-term buying interest.
Market Insight:
Volume suggests low buying interest, but the oversold RSI hints at a possible bounce. Caution is advised for both buyers and sellers, as market sentiment remains fragile.