💰💰💰Could the Global Viral Coin Notcoin Achieve $1 in Value?💰💰💰
With around $785 million changing hands in a single day, Notcoin was trading at $0.0188 on Sunday. A negative market mood has contributed to Notcoin's approximately 4.50% price reduction in the last day.
Notcoin, with a market valuation of $1.95 billion, is now ranked #55 among cryptocurrencies, as reported by cryptonews.com. With 102 billion NOT coins in circulation, the total amount is substantial.
Important technical indicators and levels of support and resistance are now the center of attention for traders trying to forecast Notcoin's price movement.
The current price of Notcoin (NOT) is $0.01883. Importantly for traders, it has just finished a 50% Fibonacci retracement around about the $0.0170 level.
By calculating the asset's peak-to-trough movement, the Fibonacci retracement tool may assist find possible reversal levels.
The market seems to be indecisive, suggesting a possible buying opportunity, as a Doji candle forms near the 50% retracement level.
Notcoin faces immediate resistance around $0.01895, which is also the location of the 50-day Exponential Moving Average (EMA).
The next levels to keep an eye on for Notcoin are $0.01998 and $0.02361, if it can overcome this barrier. As for the downside, $0.01703 is an immediate support level, while $0.01408 and $0.01194 are other levels of support that might be used as buying zones if the price drops.
The current value of the Relative Strength Index (RSI) is 43.37. To determine whether an asset is oversold or overbought, the Relative Strength Index (RSI) tracks the rate and magnitude of price changes.
A relative strength index (RSI) below 50 indicates that the market is neutral or maybe oversold, which might be good news for buyers.
Finally, Notcoin's present technical picture indicates purchasing over $0.01700, with more price gains possible if the price breaks through the $0.01895 resistance level.
