$NOT price prediction: Why you should prepare for another price slump - AMBCrypto Analytics

Two weeks ago, NOT was trading within a range (purple) that extended from $0.0145 to $0.0175. In the past week, the crypto has posted a 15.8% price drop.

Additionally, the range low and the 61.8% retracement level at $0.014 were flipped to resistance.

The RSI was below neutral 50 to denote bearish momentum. The -DI crossed over above the +DI on the 23rd of July to signal a bearish trend was gathering strength.

The OBV has also been sliding lower in the past three weeks.

The steady selling pressure and the rising downward momentum suggested that Notcoin is likely to move to the $0.00989 support level in the coming days.

Since the 20th of July, both the price and the Open Interest of Notcoin have trended downward. There were minor bounces in both of them which lasted a few hours, but overall the trend signaled bearish sentiment.

The spot CVD also continued to slump. This showed selling pressure had the upper hand. The funding rate was nominally bullish but does not foreshadow an upward price move.