NOT - 1H Bearish in the channelThe chart of NOTUSDT in the 1-hour timeframe indicates a strong bearish trend. The price has been moving consistently within a descending channel, and recent price action shows consolidation below a well-defined resistance zone.
This setup suggests that the asset may experience further declines, adhering to the channel's pattern. Traders should watch for a possible move toward the lower boundary of the channel, as the resistance zone could continue to exert downward pressure on the price.