NOT/USDT Approaching Resistance After Recent Low
$NOT
NOT/USDT is currently trading at 0.00752, showing a slight positive movement of +0.40%. The price is still below the 200-period MA at 0.00820, which is acting as a significant resistance level.
VWAP (Volume Weighted Average Price): The VWAP is currently at 0.00743, which is close to the current price. This reflects a neutral sentiment as the price hovers around the VWAP level.RSI (Relative Strength Index): The RSI is at 52.67, indicating a neutral position. The RSI suggests neither overbought nor oversold conditions, leaving room for both bullish and bearish possibilities.MACD (Moving Average Convergence Divergence): The MACD shows signs of a possible bullish crossover. The MACD line is slightly above the signal line, accompanied by a positive histogram, indicating growing bullish momentum.
Key Price Levels:
Resistance: The main resistance to watch is around 0.00820 (200-MA). A successful breakout above this level could open the doors for a more significant upward movement, targeting the 0.00850 zone.Support: Immediate support is found around 0.00743 (VWAP). If the price fails to hold above this level, it may retest the lower support near 0.00700.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency investments are highly volatile and risky. Always perform your own research before making any investment decisions.