Notcoin Price Explodes 50% Out of Nowhere, Analyst Predicts NOT Rally is Just Beginning
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Notcoin (NOT) price hit an all-time high of around $0.029 back in June. However, since then, it has started trading in the descending channel (blue lines).
The price has finally broken above the top of the channel following a 50% price pump and price action suggests it could be the start of a long rally.
The Relative Strength Index Indicator (RSI) for Notcoin on the daily chart, is currently at 48. The price is neither overbought nor oversold, and it has a lot of room to run upward. The move to 48 started after the RSI 14-day average bounced from the support at 33.
One could still take the RSI reading of 48, as slightly bearish, until it breaks above 50, which is a buyer zone.
The Moving Average Convergence Divergence (MACD) Indicator shows that the Signal and MACD lines are below the zero line, showing that the price market is still bearish. This could be positive for NOT as it also shows that the price has a lot of room to run before getting overbought.
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