Notcoin Price Prediction: Is $1 the Next Stop? – analysis by CoinGape
NOT, a Telegram-based cryptocurrency, has seen a significant gain of 6% over the past day following the market rebound. The altcoin hovers above $0.016, indicating a strong upward trend in its trading patterns.
As of this writing, Notcoin price is $0.0164, surging 22% during European trading hours.
Notcoin is currently showing signs of a robust recovery, potentially signaling the onset of a bullish trend. Notcoin could break through the $0.016 resistance barrier if this momentum continues. This upward move propels its price towards $0.02 and could reach as high as $0.1 in the near future.
On the flip side, if the market sentiment deteriorates, Notcoin might stabilize around the $0.015 support level. In a sustained bearish phase, the price might drop to about $0.014. These fluctuations highlight the inherent volatility within the cryptocurrency market.
The 4-hour technical indicators for Notcoin (NOT) show a recent rebound after a continuous downward trend. The Relative Strength Index (RSI) indicates a value of 63.20, moving above the neutral 50 level, suggesting a growing bullish momentum. The RSI’s recent rise from a low of 69 points towards increasing buyer interest.
The Moving Average Convergence Divergence (MACD) has begun to show promising signs of a bullish crossover. The MACD line (blue) has moved above the signal line (orange), signaling a potential upward movement in price. The histogram also supports this outlook, transitioning from negative to positive bars, indicating a shift in momentum toward the buyers.
The Average Directional Index (ADX) remains high at 46, indicating a strong trend in the market. Meanwhile, the Awesome Oscillator (AO) displays a transition from red to green bars, suggesting a potential shift in momentum from bearish to bullish.
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