As a seasoned researcher with years of experience in the cryptocurrency market, I have witnessed numerous ups and downs, bull runs, and bear markets. And today, looking at the current state of the top 10 coins on CoinMarketCap, it’s hard not to feel a sense of deja vu. The red zone is back, and Notcoin (NOT) is no exception.
All of the top 10 coins are back in the red zone, according to CoinMarketCap.
NOT/USD
The rate of Notcoin (NOT) has fallen by 1.82% over the last 24 hours.
As an analyst, I observe that on the hourly chart, the price of NOT is currently hovering nearer the support level than the resistance. Should this trend persist until the end of the trading day, it’s likely we will witness a breakout and subsequent movement towards the $0.01540 zone.
From my perspective as a researcher analyzing the market trends, a comparable pattern emerges on the daily chart. Should the downward trend persist, it’s likely that we’ll witness a protracted slide towards the $0.015 zone. This situation remains valid until the end of the week.
Based on the midpoint perspective, the decline in NOT‘s rate has not surpassed $0.01663 yet.
As a crypto investor, if the weekly bar ends near its current price level, I would anticipate a potential correction towards the $0.0140 region.
NOT is trading at $0.01573 at press time.
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2024-07-18 19:13