Like other altcoins in the market, Notcoin (NOT) has seen a price increase in the last 24 hours, jumping by 8%. Its volume surged by 85%, indicating growing interest in the Telegram coin.
With high market volatility, Notcoin faces a crucial momentum that could determine its short-term movement. If NOT fails to break through key resistance at $0.0080, it risks facing a significant correction that may send its price tumbling to $0.0072.
Currently trading at $0.0078, Notcoin is still 73% below its all-time high. The 4-hour analysis indicates the token could face challenges as it targets $0.011.
The Relative Strength Index (RSI) for Notcoin remains below the neutral 50.00 mark, indicating uncertain momentum. The token’s upward movement will likely remain shaky unless bulls apply more pressure to push the price higher.
The Fibonacci retracement indicator shows that bulls need notable buying pressure to surpass $0.0085. In the short term, without significant capital flow, Notcoin's rally might not continue.
In a highly bearish scenario, Notcoin’s price could drop to $0.0072 or possibly as low as $0.0069. Conversely, breaking above the $0.0080 and $0.0085 levels could lead to a surge up to $0.011.
