Expert opinion: bearish #NOT

Notcoin’s price has started to fall again. This is not good news for investors, especially after breaking through the trendline resistance on July 6. The bearish pressure may erase the gains made earlier this month.

Two weeks ago, NOT was trading in a range between $0.0145 and $0.0175. The price of the cryptocurrency has fallen by 15.8% in the past week.

In addition, the range low and the 61.8% retracement level of $0.014 have turned into resistance.

The relative strength index (RSI) is below the neutral 50, indicating bearish momentum. On July 23, -DI crossed above +DI, indicating that the bearish trend is strengthening.

The OBV (volume balance indicator) has also been declining in the past three weeks.

The continued selling pressure and rising downward momentum indicate that Notcoin may fall to the support level of $0.00989 in the coming days. #内容挖矿

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