Notcoin has fallen into a bearish trend and may reach a bullish mark.
Anatoly Khablyuk The short-term time frame shows that the bearish pressure is increasing. The relative strength index (RSI) has dropped below the neutral line and is in the red zone. This RSI dynamics is an indicator of a decrease in the value of Notcoin in the short term. Investors have already begun to withdraw funds from risky assets, as indicated by the open interest indicator for NOT futures. A decrease in open interest is also a bearish signal, indicating that more traders are closing positions and not opening new ones. Over the past few days, this indicator has fallen by $80 million. Analysts suggest that Notcoin is likely to decline, and the price has already fallen from a maximum of $0.02 to $ 0.018. For now, the asset remains above critical support at $0.017, but the likelihood of a breakout of this level is extremely high. If this happens, then the bears will target the level of $0.013 and the asset growth of 94%, recorded in early June, will practically come to naught. However, if Notcoin manages to rebound from $0.017, the token will be able to win back its losses. Moreover, overcoming resistance at $0.023 will refute the bearish scenario, experts say, but this requires catalysts for the growth of the coin, and they are currently on the market are missing.
$NOT Buy.