The post What Does The Notcoin (NOT) Analysis Say About The Future ? appeared first on Coinpedia Fintech News
Notcoin is nearly 25% down since a week, raising mixed speculations on its future growth
NOT needs to move the Short-term SMA’s to gain bullishness
NOT anticipated to break of the falling wedge pattern
The Telegram-based clicker game cryptocurrency Notcoin(NOT) is struggling to break out of a bearish trend as the trading volume decreases. NOT opened bullish today, marking a significant retracement in the slightly growing downward channel. As per Coinpedia Market NOT currently trading at $0.149 with 24-hour growth of 6.11%.
NOT is down -48.54% since it hit an all-time high(ATH) with the market also reaching $2 billion, but it could not sustain this level to retreat below $0.015 on 17 June and since struggling to fall back above it.
Notcoin Airdrop and Techcnichals
In the past 7 days, Notcoin price action is been creating lower highs and lower lows which is a bearish impact. This can also possibly the seen as the end of the Notcoin airdrop that maintained buzz. The other major factors visible are the holders taking exit with profit and neutral technical.
But, if the market interest in this altcoin revives, it can breach into psychological resistance level of $0.02 and sustain to further rally towards $0.34 and $0.44.
Notcoin Price Prediction: Anticipating a Surprise Breakout Upward
Notcoins is just in the 5th week of trading, and its performance has been impressive with 223% of growth since release. The 30 days growth records 181%, its only this week the price hangs out with bears.
The technicals reveal a mixed price action with a bullish trajectory with the formation of the falling wedge. RSI at 39 and heading downward indicates the price moving into an oversold zone and MACD presents a rising histogram is red, just below the trend line representing a possible trend reversal.
For the price to make big fluctuations there is support at $0,140, a crucial one and if the $0.018 is breached, NOT will have enough room to enter the $0.02 zone.
Notcoin community, fundamentals, and developments can collectively lead the price to cross $1, but in the short term, this can be a buying opportunity before the price breaks out of the descending triangle.
