Notcoin (NOT) Maintains Bullish Momentum, What Next?
04 June 2024 - 10:00PM
NEWSBTC
After a retracement from its previous, Notcoin (NOT) has been
exhibiting strong bullish momentum that has drawn the interest of
both traders and investors. This ongoing upward trend indicates a
robust level of market confidence and increasing optimism over its
prospects. Market analysts are keeping a careful eye on important
indicators and trends as the cryptocurrency rises in order to
predict how long this bullish period may remain and what possible
heights it may reach. Using a few technical indicators, we will
examine Notcoin’s price possibilities in this article focusing on
the 1-hour and the 4-hour timeframe. Notcoin’s price was up by 20%
as of the time of writing, trading at approximately $0.025, with a
market capitalization of over $2.3 billion and a 24-hour trading
volume of over $4.4 billion. In the past day, there has been a
16.33% increase in market capitalization and a 106.31% increase in
trading volume. Indicators And A Technical Perspective On Notcoin
Price Notcoin is currently trading above the 100-day Simple Moving
Average (SMA) and remains actively positive in the 1-hour time
frame. This suggests that the price is still bullish and that there
is still room for price growth. The 1-hour Moving Average
Convergence Divergence (MACD) also signals that Notcoin might move
bullishly as the MACD histograms are trending above the MACD zero
line. In addition, the MACD line and the MACD signal line have
crossed each other and are currently trending above the zero line
with a good spread between them, suggesting that the price of
Notcoin might still move upward. In the 4-hour time frame, it can
be observed that NOT, after making a pullback, is attempting
another upward bullish rally as it has dropped a bullish
candlestick in the last 4 hours. Additionally, the 4-hour MACD
displays a bullish signal as the MACD line and the MACD signal line
are still highly active above the zero line, and the MACD
histograms attempt to rise higher above the zero line. This
development suggests that Notcoin is poised for more growth. Future
Prospects For The Meme Coin It is worth noting that Notcoin has
managed to create a high of $0.029405 and lows of $0.018863, and
$0.011381, which are significant milestones in evaluating its price
next destination based on its past price action. If Notcoin
continues to move upward to the resistance level of $0.029405 and
breaks above it, it therefore means that it will move higher to
create a new high. However, Notcoin’s price will start to descend
in the direction of the $0.018863 support level if it is unable to
break above this resistance level. The price may move much farther
to test the $0.011381 level and possibly other levels on the chart
if it breaks below this support level. Featured image from Binance,
chart from Tradingview.com
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