For those who missed the purchase and the impressive rise of $NOT at the end of May and early June, which saw a spectacular increase of about 143%, it might be worth considering an entry now if the rebound confirms at the 0.786 Fibonacci retracement level. Currently, this level seems to be holding, and the RSI shows signs of recovery, slowly exiting the oversold zone.
We also observe that the buying volume, although relatively low at the moment, is starting to pick up, which could indicate a potential rebound. A positive signal to watch for would be when the price crosses the Tenkan (yellow line) upwards, especially if this line is at the descending trend line. This could signal a bullish alert.
The price drop of $NOT, although dramatic, is more gradual than its rapid ascent, indicating less panic among sellers. In the current market conditions, $NOT presents an interesting capitalization but remains susceptible to fluctuations due to macroeconomic events, which instill doubt among investors. Price variations are common for new tokens or those recently listed, but for those who believe in its fundamentals, the technical analysis suggests that this could be a good entry point if the rebound at 0.786 is confirmed and the downward trend line is broken.
Observe this carefully and remain cautious in the current market conditions.
