Notcoin (NOT) Rockets 70%, Outperforming Bearish Projections
$NOT
According to Be in Crypto. Despite bearish expectations, Notcoin has managed to shift investor sentiment to a positive outlook.
Price Rally
Notcoin’s price recently surged to $0.0171, sparking a significant increase in buying pressure. The coin’s Relative Strength Index (RSI) has risen above the neutral line, indicating growing investor interest. A high RSI generally suggests more investors are purchasing Bitcoin, potentially leading to further price increases.
Positive Funding Rate
Notcoin’s funding rate has also turned positive, a notable shift after a period of negative rates that signaled bearish sentiment. This positive funding rate implies increased optimism among investors, with many betting on potential gains, which could further boost Notcoin’s price.
Price Prediction
Over the past three days, Notcoin’s price has risen by 68%, recovering the 35% losses noted at the end of June. The next target for the altcoin is $0.0211, requiring a breach of the $0.0179 resistance. However, if this breach fails and investors take profits, the price could drop to $0.0130. Losing this support would invalidate the bullish outlook, potentially sending Notcoin below $0.0100.
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