Notcoin price analysis reveals that Notcoin (NOT) has been on the decline and the current price is $0.014485 and a 24-hour trading volume of $538,199,284. This marks a 6.4% drop in the last 24 hours. The bearish momentum is a result of early investors taking their profits and technical factors that are negative.
Technically, the price chart of Notcoin shows a bearish trend. The price has been making lower highs and lower lows, which shows that bearish pressure has been persistent. The current price action depicts a struggle to find a stable price range with constant oscillations around the $0.0144 mark. The key resistance levels are established at $0.016 and $0.018.
Support at the $0.0140 level is very important for Notcoin. If the price fails to hold above this support, it could drop to $0.0135 or even $0.0130. The increase in trading volumes to $770 million is an indication of high volatility and investor concern. This increased activity may occur before prices recover or continue to fall to new lows.
Analyzing the 4-hour chart of NOT, the price is currently hovering around $0.01446095, having dropped continuously. The Bollinger Bands (BB) suggest that the price is near the lower band, which may be a sign of overselling. The 20-period Simple Moving Average (SMA), placed at $0.0153053, serves as the first line of defense. The ADX is at 38, which is an average directional index—16, which indicates that the current bearish trend is getting more established. The chart also reveals a strong resistance level at $0.0170356 and further up at $0.220762. These are levels which are important for the bulls to breach to change the market direction.
However, the bearish signals are evident, and Notcoin gets some support at the $0.0143056 level, which is at the lower BB level. The ADX shows a strong trend and if the price fails to hold above this support level, it could drop further to the next support at $0.012. The price action indicates that the investors are not confident in the market as seen by the high volatility and large price declines. To achieve bullishness, Notcoin has to move above the 20-SMA and maintain the price above the resistance levels with the help of increased buying volume and positive market sentiment.