Potential for upward movement

NOT is in a downtrend, reaching the $0.0075 support level. This strong support could lead to a price rebound towards $0.010 and $0.012, signaling a potential end to the downtrend.

9/4/20241 min read

NOT price chart showing a downtrend reaching the $0.0075 support level, with potential scenarios of
NOT price chart showing a downtrend reaching the $0.0075 support level, with potential scenarios of

NOT is in a downtrend and has reached the $0.0075 support level. This level is recognized as a strong support that could prevent further price declines and increase the likelihood of a price rebound towards higher levels.
One possible scenario is that the price finds support at the $0.0075 area and, after observing bullish confirmations, moves towards higher levels such as $0.010 and $0.012. This movement could indicate the end of the current downtrend and the beginning of a new upward trend.
If the price fails to hold the $0.0075 level and breaks it, the downtrend may continue, pushing the price to lower levels. This scenario would indicate increased selling pressure in the market.