🔥 $NOT Braces for More Dip - AMBCrypto Analytics

Following its launch on the Toncoin network on 16th May, NOT’s value climbed to a peak of $0.02 on 2nd June. 

However, as profit-taking activity gained momentum, NOT bulls could not defend that price level, hence the price decline. At its current value, the altcoin’s price has dropped by 20% from its high.

An assessment of key momentum indicators confirmed the surge in NOT sell-offs in the past few days. 

For example, its Relative Strength Index (RSI) and Money Flow Index (MFI) trended toward their respective center lines. At press time, the token’s RSI and MFI were 55.31 and 56.56, confirming the decline in buying pressure. 

Further, the value of NOT’s Aroon Up Line (orange) was 35% at the time of writing. This indicator identifies the strength of an asset’s price trends and potential reversal points.

When an asset’s Aroon Up line is close to zero, the uptrend is weak, and the most recent high was reached a long time ago. 

At its current price, NOT traded close to its 20-day exponential moving average (EMA), which tracks the token’s average price in the past 20 days. 

When an asset trades close to this key moving average, it signals a decline in buying momentum and an indication that the bears might soon regain market control.