$NOT Price Prediction: Can NOT Hold Above $0.015? - AMBCrypto Analytics
According to AMBCrypto findings, a decline in buying momentum was one of the reasons Notcoin’s price fell. At press time, the Relative Strength Index (RSI) on the 4-hour chart was down to 43.20.
The RSI measures the magnitude of price changes in the market. It also identifies possible overbought or oversold zones. If the reading is 70 or above, it means a cryptocurrency is overbought.
However, when the RSI is below 30, it means that it is oversold.
But the reading for the coin was below the 50.00 midpoint, indicating that the momentum around NOT had become bearish. Should the reading continue to decrease, Notcoin price prediction will become increasingly gloomy.
However, the Weighted Sentiment has managed to stay above the negative territory. Weighted Sentiment gauges the perception the average market participants has about a project.
If the reading is positive, then it means that most comments are bullish. However, a negative reading implies that the broader sentiment is bearish.
For NOT, the ability of the Weighted Sentiment to stay in the positive region might prevent it from further correction. If this happens, NOT might jump to $0.021.
On the other, a fall to the red zone could capitulate the token’s price. If this Notcoin price prediction plays out, the value of the cryptocurrency might slide to $0.015.