Notcoin’s price has jumped 14% in the last day, hitting a monthly high. This boost shows strong investor interest, with the funding rate consistently rising. The Relative Strength Index (RSI) is also above the neutral line, indicating increased buying pressure.

Telegram Coin Notcoin (NOT) is bouncing back from a recent dip, breaking through its downtrend line. If it can overcome a key resistance level, the altcoin might continue to gain.

 

Notcoin (NOT) Investors Show Growing Optimism

Notcoin investors have been eagerly waiting for a price increase, and their enthusiasm is becoming evident. One key sign of this optimism is the funding rate. The consistent positive figures indicate a strong bullish sentiment among traders.

The funding rate’s steady rise from a negative dip reflects growing confidence in the market. This upward trend highlights investors’ belief in Notcoin’s potential.

Notcoin Funding Rate. Source: Coinglass

Moreover, the Relative Strength Index (RSI) is currently above the neutral line. The RSI, which measures price momentum from 0 to 100, shows values above 50 as a sign of buying pressure. This technical indicator confirms a surge in buying activity.

Notcoin RSI. Source: TradingView

The elevated RSI suggests that more investors are buying Notcoin, reinforcing the ongoing price rise. The combination of a positive funding rate and an increasing RSI points to strong bullish momentum.

Notcoin (NOT) Faces Key Resistance as Price Rises

Notcoin’s price has increased by 14% in the last 24 hours, currently trading under the resistance level of $0.01794. This barrier has been tested several times over the past month without a successful breach.

The growing bullish sentiment among investors is promising and could help Notcoin break through this resistance. Successfully surpassing $0.01794 might push the price up to $0.02000, offering investors additional potential gains.

Notcoin Price Analysis. Source: TradingView

However, if Notcoin fails to breach the resistance again, the price could remain consolidated between $0.01794 and $0.01300. A drop below $0.01300 would invalidate the current bullish outlook and lead to a loss of the recent gains.





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