$NOT Price Warning: Major Resistance Levels Could Trigger Sharp Decline

Recent Price Movements

Over the past 48 hours, the #Notcoin price has demonstrated significant movements on the 4-hour chart, prompting a detailed technical analysis to predict future price action. Closing prices have shown a steady increase, moving from $0.017199 to $0.02071, suggesting a positive trend.

Key Resistance Levels

The $NOT price faces potential resistance at several key levels:

Immediate Resistance: $0.021921

Stronger Resistance: $0.022356 and $0.024032

Key Support Levels (Preventing Further Decline)

Primary Support: $0.018785

Secondary Support: $0.017901

Critical Support: $0.01701

Technical Indicators

EMA Crossover: The 9 EMA has been trending above the 20 EMA, typically a bullish signal, indicating potential upward momentum in the short term.

MACD: The MACD has shifted from a negative to a positive value, with the MACD line crossing above the signal line, further strengthening the bullish outlook.

RSI: The RSI has moved into bullish territory, peaking at 68.58 before slightly retreating to 67.04. An RSI value above 50 generally indicates buying pressure, suggesting the current trend may continue its upward trajectory.

Caution for Traders (Potential Bearish Reversals)

Despite the bullish indicators, traders should be cautious of potential bearish reversals. The proximity of the current price to significant resistance levels at $0.021921 and $0.022356 could lead to selling pressure. A failure to break above these levels might result in a pullback to the support zones at $0.018785 and below.

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