Notcoin (NOT) is a cryptocurrency designed for making money on Telegram. Recently she faced difficulties.
A few weeks ago, NOT outperformed market majors Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). However, over the past month, the cryptocurrency has not been able to maintain its growth momentum. NOT is currently trading at $0.013, down 27.17% from a month ago.
Notcoin bulls are trying to stop the bears. Analysis of the 4-hour chart of NOT/USD showed that on July 1, the cryptocurrency reached an oversold point. This was discovered using the Money Flow Index (MFI), a technical tool that measures time and price to determine trading pressure.
If successful, the price of NOT could reach $0.016 or even $0.018 in the short term. However, bearish rejection and further decline in open interest could take the price towards $0.011
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