Notcoin forecast for June 7, 2024

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The Notcoin NOT/USD cryptocurrency continues to move as part of the correction and formation of the "Triangle" model. At the time of publication of the forecast, the Notcoin exchange rate is 0.0220. Moving averages indicate the presence of a short-term bullish trend for the coin. Prices are testing the area between the signal lines again, which indicates pressure from buyers and the potential continuation of the asset value rise from current levels. As part of the technical analysis of Notcoin, we should expect an attempt to develop a bearish correction of the coin's exchange rate and a test of the support area near the 0.0200 level. Then, the price rebounds upwards and the asset continues to rise with a potential target above the 0.0300 level.

Notcoin forecast for June 7, 2024

An additional signal in favor of the growth of the Notcoin cryptocurrency in the market will be a rebound from the broken trend line on the relative strength indicator (RSI). The second signal will be a rebound from the lower boundary of the Triangle model. The cancellation of the growth option of the NOT/USD pair on Forex will be a drop and a breakdown of the 0.0170 area. This will indicate a breakdown of the area of the lower boundary of the Triangle model and the continuation of the fall of NOT/USD quotes to the area below the 0.0120 level. It is worth waiting for confirmation of the growth of NOT/USD quotes with a breakdown of the resistance area and the price closing above the 0.0250 level, which will indicate a breakdown of the upper boundary of the Triangle model and the beginning of working out a pattern with targets at the top.

Thus, Notcoin's forecast for June 7, 2024 suggests an attempt to develop a bearish correction and test the support area near the 0.0200 level. Further, the continued growth of the NOT/USD currency pair with a target above the 0.0300 level.