$NOT Price Prediction: Further Decline Likely - BeinCrypto Analytics

Notcoin’s price could continue to decline, and the altcoin may lose a key support floor. This is signaled by the Relative Strength Index (RSI), which remains in the bearish zone, indicating significant selling pressure. 

The RSI (Relative Strength Index) is a momentum oscillator that measures the speed and change of price movements, ranging from 0 to 100. It is used to identify overbought or oversold conditions in a market.

This technical indicator suggests that investors are predominantly selling their NOT holdings, pushing their prices downward.

Notcoin’s price at $0.0135 has already failed to breach the downtrend line once this week. The Telegram token could now fall below the key support floor of $0.0130. Given this level has been tested in the past, there is a chance that the altcoin might find some resistance.

However, a decline below it could send NOT to test the next critical support at $0.01000.

On the other hand, a bounce back from $0.0130 could trigger a recovery rally in Notcoin’s price. If the downtrend line is breached and $0.0150 flipped into support, the Telegram token would invalidate the bearish thesis, too.