#NOT
NOT continues to hold a key support zone around 0.000265 on the daily timeframe. This level has demonstrated its significance since the beginning of 2026, with price managing to maintain support despite repeated downside attempts, reinforcing its importance as a major support area.
Looking at previous price action, we can identify a similar descending trendline that was broken in the past, triggering a notable bullish move.
Currently, another descending trendline is developing, and price appears to be approaching a potential breakout to the upside. If this breakout is confirmed, it could pave the way for a new bullish move, with 0.000423 as the potential upside target. This level also coincides with the 200-day Moving Average (MA200), adding further technical significance to the target.
Bearish Scenario & Invalidation Level:
The 0.000265 level remains the key support for the bullish scenario. A breakdown below this level could increase selling pressure and expose the price to further downside, requiring a reassessment of the technical outlook.
Capital management remains the foundation of successful trading, and managing risk is just as important as identifying potential trading opportunities.
