Is Notcoin (NOT) getting back on the bullish rails? – analysis by CoinGape
Notcoin commenced the week on a positive note, exhibiting upward trends. Over the weekend, the cryptocurrency experienced significant growth. From Friday through Sunday, Notcoin’s value surged by 15%. It climbed from an initial price of $0.00912 to today’s peak at $0.01712. At this level, however, the token encountered a price barrier.
Notcoin appears to be stabilizing, hinting at an upcoming bullish period. If this positive trend continue to build momentum, Notcoin could break through the $0.017 barrier. Such an advance might propel its price toward $0.035, with the potential to further escalate to $0.050 soon.
Conversely, If the market mood sour again, Notcoin will likely find footing at $0.016. A deepening slump could pull its value down to approximately $0.012, underscoring the inherent unpredictability of the cryptocurrency sector. In a scenario where the downward pressure intensifies, Notcoin’s price may even dip to the $0.01 mark.
The 4-hour technical indicators for Notocoin reflect mixed signals in the recent trading sessions. The Relative Strength Index (RSI) is 56, suggesting slightly bullish momentum as it remains below the overbought threshold of 70.
The Moving Average Convergence Divergence (MACD) indicates a potential slowdown in buying activity, as evidenced by the MACD line converging towards the signal line and the histogram showing decreasing positive bars shifting closer to the baseline.
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