Potential for upward movement
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.
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.
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