🔴 $NOT Touched strong Support 🔴
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The Notcoin Price Hovering Above Key Support
The Notcoin price is currently resting on a key support level at $0.007840. If it drops below this level in the next 24 hours, it could fall to the next support at $0.006122. However, if NOT maintains its position above $0.007840, it might invalidate the bearish outlook. In this scenario, traders could see it as a buying opportunity, potentially pushing the price to flip the $0.010092 resistance into support and then rise to $0.012343.
Technical Indicators Suggest Continued Climb
From a technical perspective, indicators suggest that the Notcoin price might continue to climb in the next 24 hours. The Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) both show positive signs. The RSI has been rising, indicating increasing buyer strength, which could lead to a short-term price increase. The positive slope of the RSI line suggests that bulls are gaining strength against bears.
Additionally, the MACD indicator on the 4-hour chart is close to triggering a major bullish signal. The MACD line has been rising towards the MACD Signal line, and an intersection between these two in the next 24 hours could indicate the start of a short-term positive cycle.
Potential for Higher Gains
If the Notcoin price manages to break the $0.010 resistance, the chances are high that it could then cross the $0.020 mark, indicating a significant bullish trend.
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