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- The Notcoin price has surged by 35% in the past 20 hours, indicating buyers’ bounce back.
- NOT token’s price has shown bullishness at the crucial support level.
At the beginning of June, the NOT price recorded an all-time high of $0.0289 mark and showed profit booking. Since June, sellers have been strong, and the price has failed to reach the last swing highs.
The bearish trend in Notcoin crypto was interrupted near the $0.0100 hurdle twice. In a 4–H time frame, the price has declined from the trendline.
When writing, the RSI was recovering from the oversold zone and could trigger a golden crossover. The price took support on the Lower Bolinger Band (BB) and was eyeing for the Base BB.
Is It a Wise Decision to Buy the Dip?
Based on a source on X, it may be an excellent decision to buy the Notcoin token at the dip. The overall cryptocurrency market is bullish, but at press time, the market has dived a little bit.
Bought some $NOT Notcoin due this bloody dip pic.twitter.com/ZSB4K1ak1M
— Crypto GEM’s INVESTOR (@gem_investor) August 5, 2024
Bitcoin price has shown a recovery from the dip, which may positively impact the altcoins.
Will the NOT Price Rise or Decline Further?
This source on X claimed that the Notcoin crypto price may move on one of both sides. In a 4-H time frame, the price has shown weakness and has failed to advance the descending trendline.
$NOT is showing us two distinct scenarios on my 4H TF if this break above our resistance it could reach 0.01400.
— Chimex (@Chimexremy) August 5, 2024
If this support fails to hold, the price could retest down.#NOT pic.twitter.com/LDknqRY2FN
If the crypto price triggers a breakout from the trendline, buyers may target the $0.0140 level. Alternatively, the price might keep falling further if it fails to exceed.
The NOT Price Has Developed a Bullish Engulfing Candlestick Pattern
When writing, the Notcoin crypto traded at $0.0110 and gained 16% in an intraday session. It had a market capitalization of $1.13 Billion with a 24-hour trading volume of $406.96 Million.
The circulating supply is 102,491,025,349 NOT, and the fully diluted market cap was $1.13 Billion.
The digital asset has formed a ‘bullish engulfing’ candlestick pattern on a daily time frame. Buyers may show confidence if the price manages to close over the precious candle.
Assuming the chart structure manages to attract investors, the price may easily gain 40% in the next few days.
On the other hand, if the crypto asset price slips below the recent swing low, sellers may continue the trend. The price below $0.0100 may trigger a short-term negative pullback, which would be a bearish sign.
NOT Pirce Overview
The NOT token price has shown a significant upward momentum, gaining 35% in the past 20 hours. Technical indicators suggested a bullish trend, with the potential for a 50% gain shortly.
However, further decline is also possible if the price fails to surpass the descending trendline. The market seems volatile, but the price may experience further gains if the bullish momentum continues.
Technical Levels
The Notcoin price is expected to face resistance from the $0.0145 and $0.0175 levels. The price may take support at $0.0100 and $0.00500 levels.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
