Notcoin Price Prediction: Could This Worldwide Viral Coin Reach $1?
On Sunday, Notcoin was trading near $0.0188, with a 24-hour trading volume of around $785 million. Notcoin has dropped nearly 4.50% in the past 24 hours, reflecting some bearish sentiment in the market.
According to cryptonews.com, Notcoin currently ranks #55 among cryptocurrencies, with a market capitalization of $1.95 billion. The circulating supply stands at 102 billion NOT coins.
As traders seek insights into Notcoin’s future movements, the focus shifts to key technical indicators and support and resistance levels that could influence its price prediction.
Will Notcoin manage to recover, or will it continue its downward trend?
Notcoin (NOT) is currently trading at $0.01883. It has recently completed a 50% Fibonacci retracement at around the $0.0170 level, which is an important technical indicator for traders.
The Fibonacci retracement tool helps identify potential reversal levels by measuring the peak-to-trough move of an asset.
In this case, the formation of a Doji candle at the 50% retracement level suggests market indecision, which could indicate a potential buying opportunity.
Immediate resistance for Notcoin is found at $0.01895, where the 50-day Exponential Moving Average (EMA) is also positioned.
This means that the price might struggle to move above this level without significant buying pressure.
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