Yes, it was Professor Pavlov who was the real progenitor of the token $NOT who described that an action would be followed by a reward, and this is the same experiment with a dog.
Let's get back to the charts.
Notcoin price traded within a strong downtrend, printing consecutive bearish candles. After hitting intermediate lows around $0.0155, bulls quickly regained momentum and pushed levels back above $0.02. Although buying pressure has increased significantly, a rally above intermediate highs could be on the horizon.
In the short term, NOT price traded within a falling wedge, and after reaching the bottom, the price broke the upper resistance of the wedge. On lower volume, the price initiated a sharp move higher, suggesting it could be a false breakout that could trap bulls at local highs. Although the RSI has reached its upper threshold, it fails to enter the overbought zone, indicating a slight pullback.
On the downside, the MACD remains in a bullish range as buying pressure on the cryptocurrency continues to rise. Thus, the Notcoin price is believed to consolidate between $0.0215 and $0.022 for a while, which will be followed by the next price action. However, market sentiment is expected to change as trading approaches the end of the first half of the year. Consequently, a significant recovery could begin in the first few days of the second half of 2024.
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