Notcoin (NOT) continues to show bullish momentum, what’s next?
After a period of correction, Notcoin (NOT) is showing a significant bullish trend that has caught the attention of many traders and investors. This strong upward momentum shows that the market is optimistic and confident about Notcoin’s future prospects.
As the cryptocurrency market rallies, market watchers are keeping a close eye on key indicators and trends to gauge how long this bullish phase can last and what new heights it may reach.
The rest of this article will take a closer look at Notcoin’s price outlook on the 1-hour and 4-hour time frames, utilizing a range of technical indicators.
As of this writing, Notcoin’s market capitalization exceeds $2.3 billion, with a 24-hour trading volume of $4.4 billion. Its current price is $0.025, which is an increase of 20% from the previous price. Over the past day, market capitalization increased by 16.33% and trading volume surged by 106.31%.
Notcoin Price Indicators and Technical Analysis
Notcoin’s price is trading firmly above the 100-day simple moving average (SMA) and is showing a clear bullish signal on the 1-hour time frame. This further confirms that the price is still in an upward channel and is expected to continue rising in the future.
The 1-hour Moving Average Convergence Divergence (MACD) histogram is above the MACD zero line, showing that Notcoin is in the midst of a bullish trend. The MACD line and MACD signal line have formed a golden cross and crossed the zero line at a healthy spread, which further strengthens the possibility of Notcoin price rising.
Despite suffering some setbacks in previous trades, NOT is still showing signs of rebounding on the 4-hour time frame, which indicates further upward momentum.
The 4-hour MACD is also showing bullish signals as the MACD line and signal line remain active above the zero line and the MACD histogram is trying to break out to the upside. This indicates that Notcoin is expected to continue to expand its gains.
The future prospects of Meme Coin
In the price history of Notcoin, the high point of $0.029405 and the low points of $0.018863 and $0.011381 have become important reference points for judging its price direction. If Notcoin can successfully break above the $0.029405 resistance level, it will have the potential to create new heights.
However, if Notcoin fails to overcome this resistance level, its price may retrace to 0.The support level of $0.018863. If this support level is further broken, the price may continue to fall to $0.011381 or other key chart levels. However, considering the current bullish trend and technical indicators, Notcoin seems to have a greater chance of continuing to rise and breaking through the resistance level.
Here, I would like to share a special news with you. In order to meet the needs of more friends for in-depth communication and learning, we have specially launched a communication platform, which is also a circle for gathering wisdom and sharing resources. Click on the image to find me and follow me, you will have the opportunity to get more exclusive information, professional analysis and real-time services, making your investment journey smoother.