As an experienced crypto investor with a knack for spotting trends and understanding market dynamics, this latest surge in NOT has piqued my interest. Having navigated through numerous bull and bear markets, I’ve learned to read between the lines of price charts and technical analysis.
After a few days of a continued drop, most coins are bouncing back, according to CoinMarketCap.
NOT/USD
The rate of NOT has rocketed by 20% over the last day.
In spite of today’s significant increase, the hourly chart suggests that NOT‘s price remains optimistic. If the day ends near the current resistance level of around $0.01175, we might anticipate further growth towards the range of $0.012 to $0.013 tomorrow.
Looking at the long-term perspective, the price of this altcoin appears to be climbing following an apparent breakdown in its $0.00912 support level. But for now, let’s hold off on anticipating a turnaround, as there hasn’t been enough momentum built up just yet.
As an analyst, I anticipate that if the bar (asset or stock) closes near its current price, a sideways trading pattern within the range of $0.011 to $0.013 becomes more probable in the immediate future.
Looking from a midpoint perspective, things appear rather consistent. Should the trend persist until the end of the week, traders could encounter a potential challenge at the intermediate price point of around $0.014 in the near future.
NOT is trading at $0.0119 at press time.
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2024-08-06 19:22