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⏳ The “Sell-Off Journey” of $NOT and a Group of Altcoins
1. Euphoria phase (08/05):
$NOT started with a strong bullish rally, reaching a local peak at 0.0007706, where buyers were fully in control.
Long green candles dominated the chart, showing strong bullish momentum.
2. Reversal phase (10/05 - 11/05):
Profit-taking pressure increased significantly, pushing price down through 0.000700 → 0.000660.
A brief sideways consolidation appeared, but it failed to absorb selling pressure, and every recovery attempt was rejected.
3. Downtrend continuation (11/05 - 13/05):
A clear lower high – lower low structure formed.
Key support levels were broken repeatedly, with volume remaining steady but skewed toward distribution.
4. Current state (14/05):
$NOT: 0.0005365 (-0.97%) | 24h low: 0.0005230 | 24h high: 0.0005659
4H chart: downtrend remains dominant, with price sitting near the weekly low zone.
Meanwhile, many altcoins are showing a similar structure:
$DOGE
$SHIB
$PEPE
$FLOKI
$BONK
$WIF
$BOME
$SUI
$ARB
$OP
Common pattern:
After strong impulsive rallies → distribution phase
Short sideways consolidation, weak rebounds
Selling pressure spreading across mid & low-cap sectors
#MarketOverloadWeek #SchwabCryptoGoesLive #TradeStocksOnOKX
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