Information about $NOT (NotCoin):

NOt is a Telegram-based game created by Open Builders. It has garnered significant attention, with over 30 million total players and up to 6 million daily active users. The game involves tapping a golden coin to earn an in-game currency called Notcoin. This currency can be used for various in-game purchases and upgrades​ .

Technical Analysis of $NOT:

Since June 4, $NOT experienced a noticeable correction, showing a downward trend for the past week following a sharp rise. This rapid ascent has now stabilized, with prices descending towards a potential buying zone. However, it has not yet reached the ideal buying zone, which lies between the 0.78 and 0.61 Fibonacci retracement levels.

Currently, the price should ideally drop to around $0.016 to enter the buying zone. The RSI has exited the oversold region, indicating a potential for a rebound if the price reaches the lower Fibonacci levels. Observing the 4-hour Ichimoku chart, the price is below the cloud, with the Tenkan line crossing the Kijun line downwards, suggesting a bearish trend. The current price pressure on the Tenkan line further supports this bearish outlook.

For cautious investors, it would be wise to wait and see if the price hits the 0.618 or 0.786 Fibonacci retracement levels for a potential rebound. This would bring the price back to levels seen at the beginning of the month. Monitoring the RSI on 1-hour and 4-hour charts could help identify favorable entry points​.

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