NOT is a popular telegram-based altcoin, that has seen significant price fluctuations over the past day despite its remarkable growth in the GameFi sector. Amid the current crypto volatility, Notcoin price prediction points to a dip below the $0.015.
According to CoinMarketCap data, trading activity remains robust, with a 24-hour trading volume of $222 million, a 15% decrease from the previous day.
Notcoin Price Prediction: How Low Can NOT Go?
Over the past 24 hours, Notcoin has been trading in a narrow range, indicating a low of $0.01397 and a high of $0.01539. This tight fluctuation points to a period of uncertainty where it faces stiff resistance and support levels.
Over the past week, the cryptocurrency market has seen mixed trends, with Notcoin trading in a descending trend. Notcoin price prediction reveals that after experiencing a notable surge and hitting a weekly high of $0.018 on 20th July, the Notcoin price has declined steeply. The price chart shows a sharp decline, marking a 16% decrease over the week.
Notcoin Price chart
A notable bearish trend has emerged, casting a shadow over the cryptocurrency’s recent performance. Despite a slight uptick in trading volume, which saw a 0.38% increase, reaching $908.26 million, the overall market sentiment remains pessimistic due to a significant decline in open interest.
According to Coinglass, open interest for Notcoin has plummeted by 14%, now at $142 million. This sharp decline indicates that traders are closing out their positions, potentially signaling a lack of confidence in the coin’s near-term prospects.
Can NOT Overcome the $0.015 Barrier Soon?
Notcoin price prediction shows a notable decline as it maneuvers through a tough bear market. If this trend continues, Notcoin will likely stabilize at $0.013. A worsening market sentiment could further reduce its value to $0.01, showcasing a stronger bearish trend. A continued decline might bring it down to $0.009.
Conversely, rising optimism among investors could herald a bullish turn. Such a shift in sentiment might cause Notcoin to break past the $0.015 resistance. Following this bullish trajectory, the digital currency could reach $0.02 and aim for $0.05 in upcoming developments.
Technical Indicators Show Continued Downward Momentum
The 4-hour technical indicators for Notcoin illustrate a mixed sentiment in its recent trading sessions. The Relative Strength Index (RSI) has dipped below the neutral 50 line, resting at approximately 31.15, an oversold condition and potentially a bearish sentiment in the market.
Notcoin Price chart| Source: TradingView
The Moving Average Convergence Divergence (MACD) also shows a bearish signal. The MACD line crossing below the signal line suggests that downward momentum will likely continue.
The Awesome Oscillator (AO) transitioned from a positive surge to a decreasing trend, indicating a potential loss in upward momentum. The Average Directional Index (ADX) stood at 29.06, suggesting that the market was experiencing a moderately strong trend during the earlier price rise, which has since weakened.
Frequently Asked Questions (FAQs)
The current 1 Notcoin to Toncoin exchange rate is 0.0022 TON. There are no limits to NOT to TON swaps here, so feel free to use ChangeNOW no matter how many coins you need to exchange!
Is Notcoin a good investment? Notcoin has the potential to deliver gains for investors if the project’s momentum continues and demand $NOT remains high. According to our $NOT forecast, the token could continue to rise in price through 2030.
Market sentiment is likely to turn extremely bullish, with many anticipating the start of a new bull run. Increased trading activity and optimism could push Bitcoin to an all-time high
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
