$NOT Ready For Breakout Run? - CoinPedia Analytics

With a market cap of $1.645 billion, the Notcoin (NOT) price trades at $0.01605 with an intraday drop of 7.27%. The intraday downfall comes after the 14.44% jump overnight to challenge the overhead trendline with an engulfing candle. 

With a bull cycle from the $0.010 psychological support, Notcoin challenges the overhead supply for a breakout run. Despite the 70% in nine days, the NOT price struggled to overcome the supply pressure at the descending trendline. 

Thus, the lower high trend continues, and Notcoin warns of a reversal rally to the psychological cushion at $0.010. However, a broader market recovery could result in a breakout rally in NOT price crossing above the trendline.

Despite a sideways shift in trend, the NOT price teases an inverted head and shoulder pattern with a neckline at $0.017. However, the recent rejection from the trendline warns of a bullish failure in Notcoin. 

A breakout run can propel the altcoin price to $0.031 by the end of July. Optimistically, the uptrend can continue to reach $0.045 or the 1.618 Fib level.