NOT is down 20% from its peak. Notcoin was launched last month and its price has risen by more than 2000% from its launch price of $0.001003. However, the continuous pullback in the past few days has seen the meme coin fall by 20%.
With strong momentum, Notcoin has become a popular meme coin in this market. In the bull run, Notcoin’s price has risen by 47% in the past 30 days and the market capitalization has exceeded $2.195 billion.
However, the bullish trend paused as the uptrend peaked at $0.029, causing the price to fall to the $0.020 level. This support level has provided multiple rebounds for Notcoin price, signaling a double bottom reversal in the 4H chart.
NOT Price Prediction
Currently, Notcoin price is $0.021, up 1.06% intraday, and the price decline is signaling a rebound. As the price decline becomes evident near the $0.020 support level, the possibility of a bullish reversal is rising. RSI Indicator: The 4H RSI line shows a downtrend and crosses the midline, reflecting a weakening bullish momentum.
With Notcoin price falling below the 2.618 Fibonacci level, the bullish dominance at the $0.020 mark is under pressure. However, with the sideways movement in the pullback phase, buyers are preparing for a double bottom reversal in the 4H chart.
Despite the lack of divergence in the RSI, the overall bullish sentiment and the current uptrend offer the possibility of a reversal. Therefore, with the bullish reversal and the broader market recovery, OTC traders can witness Notcoin price reaching $0.050.
