Notcoin price prediction: Why you should prepare for another price slump
The price of Notcoin (NOT) was beginning to trend downward once again. This was not good news for investors after the breakout past the trendline resistance on the 6th of July. The bearish pressure could erase the gains made earlier this month.
Two weeks ago, NOT was trading within a range that extended from $0.0145 to $0.0175. In the past week, the crypto has posted a 15.8% price drop.
Additionally, the range low and the 61.8% retracement level at $0.014 were flipped to resistance.
The RSI was below neutral 50 to denote bearish momentum. The -DI crossed over above the +DI on the 23rd of July to signal a bearish trend was gathering strength.
The OBV has also been sliding lower in the past three weeks.
The steady selling pressure and the rising downward momentum suggested that Notcoin is likely to move to the $0.00989 support level in the coming days.
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