As a researcher with extensive experience in cryptocurrency market analysis, I’ve closely monitored the recent market volatility that has affected Notcoin (NOT). Although there has been a 2% increase in NOT’s rate since yesterday, I remain cautious about a potential bounce-back.
Despite a recent sharp market dump, a bounce back has not happened yet, according to CoinStats.
NOT/USD
The rate of Notcoin (NOT) has risen by 2% since yesterday.
On the hourly chart, the NOT price hovers close to its resistance level at $0.0166. A potential breakthrough could lead to a brief visit to the $0.017 area.
In the day-to-day market analysis, it’s the bears that hold the upper hand over the bulls. The price level that rejected the downward trend recently is at around $0.01526.
If the price reaches that level again, its resilience could hold up for a potential drop down to $0.013 by the end of the week.
In the context of a weekly chart, there aren’t many significant levels presently. Therefore, it is advisable to concentrate on the most recent candle’s lowest point. If the current bar ends up closing beneath this level, the correction could extend towards the $0.012-$0.014 range.
NOT is trading at $0.0162 at press time.
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2024-06-12 13:22