The trading of Notcoin (NOT) in the market today has experienced a 3% fall, marking an evident retracement from recent highs. The intraday chart displays volatile trades in Notcoin (NOT). NOT started the day near yesterday’s close at $0.015467 and went on to create several peaks and troughs with price peaks that reflected market sentiment very closely and huge volume spikes associated with them.
The movements depicted in the chart indicate a choppy session for Notcoin marked by rapid moves, which might challenge intraday traders. Note that approximately $0.015400 is the resistance level that Notcoin could not have broken earlier during the day. This level may be significant later in the day if recovery attempts are made.
Notcoin Falls Bearish After Consolidation Period
On 4-hour chart of NOT shows consolidation before its downtrend begins. The high is attained somewhere around $0.01546 only to start dropping slowly without breaking this resistance point many times over time.
At present, it still stays slightly above $0.0150 showing possible support at this mark next to buy orders for potential buyers who feel ready to buy when it goes higher than current prices. However, the absence of significant bullish reversals in this area suggests a fragile support zone.
Stabilizes near EMA 9 of $0.01542
The current value of the 9-period EMA for the price chart on four hours is $0.0154290 slightly above the existing price levels which shows that prices are testing the aforementioned EMA as a resistance; thus, its break could mark a potential reversal or at least stabilization of the price decline.The relative strength index (RSI) on the daily chart stands at 48.17 which is just below neutral territory.
Notcoin appears to be hanging in the balance and is said to be very crucial for Notcoin in the future. The future of Notcoin would largely depend on whether NOT remains above its support level at $0.0150.The next support level near $0.0145 may come into play once this level breaks down. However, on the upside, if NOT can take back above and stay there beyond 9-period EMA then that will form a strong foundation for a recovery phase, potentially retesting resistance levels near $0.0154.
