The Leading Causes of NOT/USDT Depreciation
NOT/USDT Bearish Trend Overview:
1. Descending Wedge: Price compression in a descending wedge points to continued bearish movement unless an upward breakout occurs.
2. Moving Averages: Both 50-day and 200-day moving averages are sloping downward, reinforcing bearish momentum since early September 2024.
3. Market Sentiment: Sentiment remains cautious, with prices under pressure below key resistance levels.
Conclusion: The bearish trend is expected to persist unless a significant breakout or shift in sentiment occurs.
1. Descending Wedge: Price compression in a descending wedge points to continued bearish movement unless an upward breakout occurs.
2. Moving Averages: Both 50-day and 200-day moving averages are sloping downward, reinforcing bearish momentum since early September 2024.
3. Market Sentiment: Sentiment remains cautious, with prices under pressure below key resistance levels.
Conclusion: The bearish trend is expected to persist unless a significant breakout or shift in sentiment occurs.
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