A breakout attempt failed when the price could not close above the triangle resistance. This led to an impulsive breakdown below support which was then retested and confirmed the downtrend’s continuation.
NOT found support at a as analyzed in our previous report, temporarily resuming its uptrend from there. Over the last weekend the price retested but failed to break and close above it.
Currently the 4-hour RSI sits at 41 indicating bearish momentum with more room for downside before oversold conditions. The MACD is also bearish with the MACD line below the signal line and the histogram under zero.
According to our analysis, the price may retrace a bit lower before attempting another breakout. The resistance around $0.02 is the key level to watch. If Notcoin can break and hold above it, some analysts took to his X account stating that he predicts a pump to at least $0.026.
