Is the Notcoin Price Ready for a Breakout? Uncover Crucial Levels!

Recent action for the #Notcoin price reveals a pattern of moderate fluctuations. The closing prices have shown a slight upward trend, moving from $0.01401 to $0.01444. This upward momentum, however, faces potential hurdles and opportunities that traders should consider.

Currently, NOT’s price trajectory indicates a bullish inclination, albeit cautiously so. The next significant resistance level is at $0.01489, followed by more substantial resistance at $0.01537 and $0.01596. If the price manages to break through these levels, it could signal a stronger bullish trend. On the downside, support levels are positioned at $0.01431 and $0.01423, with a crucial lower support at $0.0133. A breach below these supports might suggest further bearish movement.

The 9 Exponential Moving Average (EMA) is currently below the 20 EMA, which traditionally signals a bearish trend. However, the narrowing gap between the two EMAs suggests a potential shift. If the 9 EMA crosses above the 20 EMA, it could mark the beginning of a bullish phase.

Meanwhile, the Moving Average Convergence Divergence (MACD) also provides insights into the market sentiment. The MACD line is below the signal line, reflecting bearish momentum. Nevertheless, the shrinking histogram values indicate a possible weakening of the bearish trend, which traders should monitor closely for any reversals.

Relative Strength Index (RSI) readings, which have ranged from 32.28 to 45.96, highlight a transition from oversold conditions towards the mid-40s. This movement suggests an increasing buying interest, which could support the bullish outlook if it continues. $NOT #NOT #altcoins #TrendingInvestments
The full analysis and trade strategy were originally posted on ecoinimist.com.