The viral Telegram's $Notcoin $NOT is up ~70% in three days
The price of Notcoin (NOT) has led to the rise of several altcoins that have marked a recovery over the past few days.
The crypto asset has not only shattered investors' bearish expectations, but has even changed their minds in a positive direction.
Notcoin is seeing a change
The price of Notcoin has risen sharply over the past couple of days, bringing the altcoin to $0.0171. This has led to buying pressure, which has seen significant growth. The Notcoin Relative Strength Index (RSI) is currently above the neutral line.
This indicates increased buying pressure as more investors are showing interest in buying the coin.
An elevated RSI usually means that more investors are buying Notcoin. If the trend continues, this surge in buying activity could lead to further price increases.
In addition to the positive RSI, Notcoin's funding rate has also turned positive. This shift is significant, especially after a period of sharply negative funding rates that previously signaled bearish sentiment.
The positive funding rate suggests that investors are now more optimistic about Notcoin's future. This change in sentiment indicates that many are betting on potential profits that could further boost the coin's price.
NOTcoin price outlook: recovering losses
Notcoin's price has risen 68% over the past three days, having already recovered 35% of the losses seen towards the end of June. The target for the altcoin is now at $ 0.0211, which guarantees a break of resistance at $ 0.0179.
However, if this breach fails and investors move to profit taking, a decline to $ 0.0130 is very likely. A loss of this support would completely disprove the bullish thesis, dropping NOT below $ 0.0100.
