Market Analysis

NOTCOIN PRICE ANALYSIS & PREDICTION (June 15) – NOT Bounces After Locating Support Above $0.015, Are The Bulls Back?

After losing momentum for a couple of days, Notcoin found support and showed signs of strength in the last 48 hours, poising for another rally on the lower timeframe. Bearish actions may return if it fails to sustain buying pressure.

Late last month saw NOT through a significant increase after finding a solid level above $0.0045. That increase brought a 5x gain to $0.00294 within a short period before losing buzz earlier this month due to a rejection. 

The price declined in a lower low and lower high pattern until it reached the $0.0015 level – where it currently held as temporal support level.

However, the price bounced back and flipped through a descending trendline, serving as dynamic resistance during the retracement move. It pulled back to test the trendline as support before advancing into the $0.0021 range in the past hours. 

Now that the price is slowly picking up again, we can anticipate a steady increase to the previous high before breaking up. But if the market continues to follow a bearish sentiment, the price will likely dip below the recent bounced level to look for new support above the $0.01 level.

Such a scenario may come into play if the gaming token fails to close this week well above its immediate resistance. But as of now, NOT is technically looking bullish on the 4-hour graph.

NOT’s Key Level To Watch

Source: Tradingview

The immediate resistance level for a test lies at $0.023. If the price flips through it, we can expect more recoveries to the $0.0266 and $0.0294 resistance levels with a potential breakout.

There’s a close support at $0.0193 in case of a drop. If it fails to hold, the $0.017 and $0.015 levels are supports to watch on the hourly before dipping to $0.0133. A broader retracement could bring us to $0.083 and $0.06.

Key Resistance Levels:  $0.023, $0.0266, $0.0294

Key Support Levels: $0.0193, $0.015, $0.0133

  • Spot Price: $0.0206
  • Trend: Bullish
  • Volatility: Moderate

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Image Source: calima3d/123RF // Image Effects by Colorcinch

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