$NOT Some indicators are flashing very strong bearish signals on the chart.

This is a good time for #notcoin bulls. The momentum of the breakout above the trendline resistance has been sustained but a range pattern has also been formed. This can offer many opportunities to traders but investors need to remain patient.

The Notcoin price prediction is that swing traders can position based on the range in the coming days. In fact, data analysis of the futures market suggests that bullish confidence may be severely lacking.

Highlighted in purple on the chart is the range that Notcoin has been trading in since Monday, July 8. It stretches from $0.0145 to $0.0175 with a mid-level of $0.16. This level was recently flipped to resistance.

At the time of posting, the RSI is at 53, barely staying above the neutral level of 50. From this, it can be inferred that the momentum is neutral but negative swings are likely, especially if the price breaks below the $0.156 level.

While trendline resistance (orange) was breached on July 6, OBV has barely recovered from the downtrend that it has been in throughout July. This can be seen as another sign that buying pressure is weak and a possible decline is in the near term.

While funding rates are nominally positive, they have not been sending bullish signals over the past few days. The liquidation chart shows a large number of long liquidations following the rejection from the range high three days ago.

Moreover, open interest has been tepid after breaking through the $0.014 resistance level.

Finally, the strongest bearish signal comes from the resolute downtrend in spot CVD. According to this indicator, a break below $0.014 is expected.