Notcoin Price Prediction: NOT Falls 2% As Top YouTube Channel Says This New ICO ”Could Lead” Exploding Telegram Gaming Market
The Notcoin price dropped 2% in the last 24 hours to trade at $0.007716 as of 00:49 a.m. EST on trading volume that surged 11% to $127 million.
Notcoin Price on a Bearish Trend: Is a Rebound Imminent?
The Notcoin Price is currently displaying a bearish trend as the bears seem to have capitalized on the rounding top pattern around the $0.008476 resistance zone, according to data from GeckoTerminal .
NOT price now trades above the 50-day Simple Moving Average (SMA) at 0.007666 but still trades below the 200-day SMA, which now acts as the second resistance zone at $0.009443.
Moreover, the Relative Strength Index (RSI) currently at 46, is below the 50 midline, which suggests that the asset’s selling pressure is building up, as the RSI moves downwards towards the 30-oversold region.
If the bearish stance continues, the price could plunge further to $0.0070, which acts as the next major support level and a cushion against downward pressure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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