NOT: Upcoming Goals
Glassnode showed that Notcoin's long-short ratio has decreased.
A decrease in the ratio means that there are more short positions in the market than long positions, which means that bearish sentiment prevailed in the market.
In addition, NOT's replenishment rate has also increased. Generally, prices tend to move in a different direction from the rate of replenishment, which suggests prices will fall in the coming days.
We then checked the token's daily chart, which showed that the Relative Strength Index (RSI) and Chaikin Money Flow (CMF) recorded declines.
Bollinger Bands showed that the price did NOT touch the upper limit of the indicator. This usually leads to a price correction.
However, the MACD technical indicator supported buyers as it showed a clear bullish edge in the market.
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