$NOT 🚨🚨🚨 Weekend price analysis: Will it hit 0.05 or continue to fall to 0.012?
Notcoin price fluctuates greatly, and the overall trend is downward. The trading volume fluctuates, and the investor mentality is also erratic.
This altcoin Notcoin has been jumping up and down in the past 24 hours. The price first rushed to $0.0164, then turned down, and is now quoted at $0.01552. The European session has fallen by 1.3%. The market value is $1.6 billion, which is a bit smaller than yesterday. However, the 24-hour trading volume has increased by 40%, reaching $232 million.
Looking at this week, the price of Notcoin is like a roller coaster, up and down without stopping. The trading range is between $1.14 and $1.17. This cryptocurrency is really unpredictable. Although market sentiment was quite optimistic a few days ago, the price of the coin still fell by 2%. However, Notcoin has risen by 4% in the past month, which shows that it can recover quickly and remain stable even in a chaotic market.
Pessimism is growing in the crypto market. Notcoin's derivative trading volume and open interest have both plunged sharply, with trading volume down 36% and open interest down 3%. This is all due to macroeconomic and regulatory issues, which have made investors particularly cautious. The market liquidity is poor, new positions are few, and the market is even worse.
As for whether Notcoin can return to $0.05, it is a bit hard to say now. If the bear market continues, the price may hover around $0.015, and it may fall to $0.012 if it is worse. Of course, if investors become optimistic again, Notcoin may soar, first breaking the resistance of $0.019, then rushing to $0.02, and even touching the high of $0.05.
Technically, Notcoin's 4-hour indicators are a bit messy. MACD shows bearish, RSI is in a neutral position, and the AO momentum indicator is also falling, indicating that buying power is weakening.
Bullish! The market correction is a good time to enter the market! Next, I will prepare some coins suitable for bargain hunting. If you get lost, come and find the way! From now on, the expected return is more than 5-10 times by the end of the month! Comments you want to follow 666
