Notcoin Price Prediction: NOT Plunges 24% In A Month As Investors Pivot To This P2E Dogecoin Derivative For 100X Gains
Release: 2024/08/09 20:49 Reading: 853
Notcoin Price Analysis
Notcoin (NOT) has faced a decline, with a 24% drop in the past month and a 5% decrease in the last 24 hours. As of 7:30 a.m. EST, it trades at $0.01181, accompanied by a 25% decrease in trading volume to $313 million.
Bullish Momentum
Amidst the downturn, bulls have shown resilience, establishing support along the lower trendline of a bullish pennant pattern. If they maintain momentum from this support zone, they could reclaim the previous high of $0.02164.
Technical Indicators
The 50-day simple moving average (SMA) remains above the current price. A breakout above the 50-day and 200-day SMAs would bolster bullish sentiment, confirming a reversal in trend.
The relative strength index (RSI) has rebounded from an oversold position, hovering around the 50 midline. Continued buying pressure could push it into the overbought zone.
Additionally, the MACD indicator suggests a potential bullish turnaround. The blue average line has crossed above the orange signal line, while the histogram has turned green.
Price Prediction
If bulls regain momentum, NOT could recover losses and retest the all-time high of $0.02836. However, failure to break through the 200-day SMA could lead to a decline towards the support level of $0.008649.
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