After a six-day surge, a red candle formed yesterday, followed by bulls regaining control today with a green candle.
NOT reached a lifetime high near $0.013290 before experiencing expected retracement.
On the 4-hour chart, Notcoin broke the descending triangle pattern, signaling a potential price surge.
Notcoin found significant support around the 0.5 Fibonacci retracement level at $0.011 on the 4-hour chart.
Expectations foresee NOT rebounding from this support and targeting the 1.236% Fibonacci extension level.
Notcoin's price has been forming higher highs and lower lows over the past week. As it ascends, NOT could face notable resistance levels at $0.0133, $0.0145, and $0.0156.
According to Coingabbar analysis, In a bearish scenario, essential support zones for NOT's price to rebound from are approximately at the $0.011 and $0.0085 levels.
KEY LEVELS :
RESISTANCE LEVEL : $0.015000-$0.020000
SUPPORT LEVEL : $0.010000-$0.0070000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
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