Altcoin Analysis: Notcoin (NOT) Struggles at Key Resistance Level
Notcoin Encounters Challenges
Altcoin analysis shows that Notcoin is currently trading at $0.0078, still 73% below its all-time high. Despite recent gains in price and volume, which suggest a potential rally, the 4-hour analysis indicates the token could face challenges as it targets $0.011.
4-Hour Analysis
The 4-hour chart illustrates that Notcoin is attempting to reach $0.0080, but this level has previously acted as resistance. If Notcoin fails to breach this price point, a 10% correction may see its value drop to $0.0072.
Relative Strength Index Insights
An evaluation of Notcoin on the daily timeframe shows its Relative Strength Index (RSI) remains below the neutral 50.00 mark. If the RSI moves above the midpoint, it signals bullish momentum; however, its current rise indicates uncertainty.
Notcoin Price Prediction
Furthermore, Fibonacci retracement suggests that bulls might aim to break above $0.0085. Yet, this area marks a supply zone, requiring significant buying pressure to overcome.
In a highly bearish scenario, Notcoin’s price could decline to $0.0072. Alternatively, if it breaks above $0.0080 and $0.0085, there is potential for a surge to $0.011.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.