#Notcoin. , the #Telegram -based cryptocurrency, has fallen more than 20% over the past week, but technical indicators indicate the digital asset may be close to a recovery. Despite the recent decline, the cryptocurrency's relative strength index (RSI) and moving average convergence divergence (MACD) signal potential for upward price movement.
The relative strength index (RSI) for #NOTCOİN on the 4-hour chart is currently at 34, indicating that the asset is approaching oversold territory. This indicates the possibility of a price rebound if this trend continues. Typically, an RSI below 30 indicates an oversold condition, while an RSI above 70 indicates an overbought condition.
The moving average convergence divergence (MACD), depicted by the blue line, has crossed the signal line (orange line), signaling a bullish crossover in the short term. This suggests potential upward momentum for Notcoin.
On the price front, $NOT is in a downtrend, having lost more than 20% in the weekly index. It is currently trading at $0.0146106, down 8% in the last 24 hours.
With the RSI approaching oversold conditions and a bullish MACD crossover, price #NOT🔥🔥🔥 appears poised for a potential rebound. However, traders need to keep an eye on the key hurdle at $0.0200. Overcoming this resistance will confirm a reversal in the bullish trend, paving the way for further growth in the asset's price action.
Conversely, if the price fails to hold above the current support at $0.0142, a fall to the next support level at $0.0100 is possible. Additionally, traders should closely monitor trading volume and broader market conditions to gauge the strength of any potential rebound.
Overall, #Notcoin👀🔥 is currently showing signs of potential upward momentum, supported by a bullish MACD crossover and near oversold RSI levels. Key resistance at $0.0200 and support at $0.0142 will be critical in determining the coin's short-term price trajectory.
