After a brief period of losing momentum, Notcoin has found support and is showing signs of strength in the last 48 hours, indicating a potential rally on the lower timeframe. However, bearish actions may return if buying pressure is not sustained.
Late last month, Notcoin experienced a significant increase after establishing a solid level above $0.0045. This surge led to a 5x gain to $0.00294 in a short period before losing steam earlier this month due to a rejection.
The price then followed a pattern of lower lows and lower highs until it reached the $0.0015 level, which is currently acting as temporary support. However, the price has since bounced back and broken through a descending trendline, which had been serving as dynamic resistance during the retracement move. It has now advanced into the $0.0021 range in the past few hours.
With the price showing signs of picking up again, there is anticipation of a steady increase towards the previous high before a potential breakout. However, if the market sentiment turns bearish, the price could dip below the recent bounce level to seek new support above the $0.01 level.
The key level to watch for Notcoin is the immediate resistance at $0.023. If the price surpasses this level, further recoveries towards the $0.0266 and $0.0294 resistance levels could be expected, potentially leading to a breakout.
In the event of a drop, there is a close support at $0.0193, with additional support levels at $0.015 and $0.0133 on the hourly chart. A broader retracement could bring the price down to $0.083 and $0.06.
Currently, Notcoin is technically looking bullish on the 4-hour graph, with moderate volatility. It is important to note that this is not trading or investment advice, and conducting thorough research before buying any cryptocurrency or investing in any services is recommended.
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Source: https://nulltx.com/notcoin-price-analysis-prediction-june-15-not-bounces-after-locating-support-above-0-015-are-the-bulls-back/
