NOT Coin Price View 👀
While exchanges continued between Notcoin investors, Open Interest data fell $70 million 7 days ago, creating uneasiness. However, the recovery process has started and is now observed to have risen to $151 million.
This increase in the open interest rate shows that market investors' confidence in Notcoin is increasing again. The recovery that took place marks the return of the traders. The fact that the funding rate in the futures market continues to remain positive also reinforces investor confidence.
NOTE is trading above the $0.014 level as of writing time. This level serves as support as a downtrend line. If it moves away from this level, a price increase may be triggered. The initial target is $0.017 and could transform as a support if this level is exceeded.
In order for Notcoin, which came out on Telegram and affected the market, to exceed 0.020 dollars, the $0.017 barrier must be overcome. If the price does not rise, the initial support is at the level of $0.013. In this case, the decline may continue up to $0.012.
NOTE price should stay above the $0.014 level.
If the $0.017 level is exceeded, a price increase should be expected.
The $0.013 level is the first support point in the possible decline.
The positive remaining of the funding rate indicates that investors have taken a long position.
As a result, the optimism of Notcoin investors remains. It is important that the price remains above $0.014 and exceeds the $0.017 level. In the event of a fall, $0.013 is the critical support level.
