#Notcion emerges from cocoon? $1 soon?
If the current bullish trend continues, the price of $NOT may soon challenge its resistance level, currently at $0.016. Not rising may push the value to $0.05 and potentially reach $1 by the end of the month.
On the contrary, the downturn in market sentiment may force Not to fall back to the support level around $0.015. If this negative trend continues, the price may fall to around $0.014, indicating that Not has entered a bearish phase.
Not’s 4-hour technical indicators show mixed market sentiment. The relative strength index (RSI) is currently at 58, indicating that it is neither overbought nor oversold, but hovering near the upper limit of the neutral zone.
The moving average convergence divergence (MACD) shows that the gap between the MACD line and the signal line is narrowing, indicating that the momentum may weaken or enter a consolidation phase.
The Chaikin Money Flow (CMF) indicator remained relatively stable, indicating that the inflow and outflow of Not funds remained balanced. Meanwhile, the Awesome Oscillator (AO), which measures market momentum, showed that the green column changed from falling to red, indicating that the market momentum changed from bullish to bearish as the month progressed.
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