Technical Analysis Report: $NOT /USDT

$NOT /USDT has witnessed a positive performance, currently priced at $0.009342, marking an increase of 5.82%. This pair reached its peak at $0.010658 during the last 24 hours, showing significant buying interest. However, it faced some selling pressure after hitting this high, as indicated by the recent red candlesticks on the chart.

The current resistance is at the 24-hour high of $0.010658. If the price can push past this point, further bullish momentum could target the next resistance level around $0.010837. On the support side, the day's low at $0.008773 serves as the primary safety net for buyers. A drop below this level might intensify selling, possibly extending to lower supports near $0.007090.

Traders might consider a bullish strategy if NOT/USDT manages to close above $0.010658, potentially aiming for higher resistance levels. Conversely, a breakdown below the $0.008773 support could justify a short position, especially if the price continues to decline. Implementing stop losses slightly above or below these pivotal levels can effectively manage risk amid the pair's current volatility.

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