Like other altcoins in the market, Notcoin (NOT) has actually seen a rate boost in the last 24 hours. Within the duration discussed, NOT has actually leapt by 8% while its volume has actually risen 85%, showing growing interest in the Telegram coin.
With market volatility at a high level, Notcoin deals with an essential momentum that might identify its short-term motion. If NOT stops working to break through this essential resistance, it runs the risk of dealing with a considerable correction that might send its rate toppling.
Notcoin Encounters Challenges
Notcoin is presently trading at $0.0078, still 73% listed below its all-time high. Regardless of current gains in cost and volume, which recommend a possible rally, the 4-hour analysis shows the token might deal with difficulties as it targets $0.011.
The 4-hour chart reveals that Notcoin is working its method towards $0.0080, however this level has actually formerly served as resistance, where the coin dealt with rejection. If Notcoin stops working to break above this rate level, it might see a 10% correction. In this case, its worth may drop to $0.0072.
Learn more: 5 Top Notcoin Wallets in 2024
Notcoin 4-Hour Analysis. Source: TradingView
An examination of Notcoin on the day-to-day timeframe reveals its Relative Strength Index (RSI) stays listed below the neutral 50.00 mark. The RSI is a momentum sign that tracks the speed and size of cost modifications.
If the RSI moves above the midpoint, it indicates bullish momentum and a possible cost boost. Alternatively, a decrease in the RSI recommends damaging momentum.
For Notcoin, the RSI is increasing however still listed below the signal line, showing the uptrend doubts. The token’s upward motion will likely stay unstable unless bulls use more pressure to press the rate greater.
Notcoin Relative Strength Index. Source: TradingView NOT Price Prediction: Rally Could Stop
The Fibonacci retracement indication supplies insights into NOT’s next motion. From a short-term point of view, bulls may attempt to break above $0.0085. Around the exact same area, Notcoin started a decrease that pulled it down to $0.0072 on September 6.
That area is a supply zone that needs significant purchasing pressure to exceed. Presently, it does not appear that Notcoin has the significant capital circulation to keep the increase going.
Learn more: Notcoin (NOT) Price Prediction 2024/2025/2030
Notcoin Daily Analysis. Source: TradingView
In an extremely bearish situation, Notcoin’s cost might drop to $0.0072 and perhaps as low as $0.0069. On the other hand, if the token handles to break above the $0.0080 and $0.0085 resistance levels, it might possibly rise to $0.011.
Disclaimer
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