Notcoin

Momentum

Zero

Divergence

Notcoin price forecast: NOT, a Telegram-based cryptocurrency, has experienced a notable price decrease following a market correction. According to data from <a rel="nofollow" href="https://coinmarketcap.com/currencies/notcoin/">CoinMarketCap</a>, Notcoin is trading at $0.01534, a significant 14.64% drop in value over the past day.&nbsp; 
The cryptocurrency, which ranks 50th in market capitalization, currently holds a market cap of approximately $1.575 billion. Despite the decline, trading volumes surged over 5% in the last 24 hours, reaching around $770 million.&nbsp; 
<h2 id="span-style-font-weight-400-notcoin-price-forecast-will-the-downtrend-continue-span">Notcoin Price Forecast: Will the Downtrend Continue?</h2> 
Over the past week, Notcoin price has seen a decrease of more than 4% indicating a potential trend of bearish sentiment among investors. <a href="https://coingape.com/markets/notcoin-price-forecast-can-it-hit-0-05-with-rising-tap-to-earn-game-popularity/">NOT price</a> has been trading in a downtrend with a range bound of $0.015 to $0.021.&nbsp; 
However, over the past month, the token has remained upward overall, with a monthly gain of approximately 130%. 
<figure id="attachment_202991" aria-describedby="caption-attachment-202991" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-202991" src="https://coingape.com/wp-content/uploads/2024/06/NOTUSDT_2024-06-18_16-10-10-e1718717145618.png" alt="Notcoin Price Forecast: What's Next as Bearish Momentum Builds?" width="1200" height="619">
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 Notcoin Price Forecast
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Most of the <a href="https://coingape.com/why-is-crypto-market-down-today-btc-crash-to-55k-imminent/">cryptocurrencies</a> today are trading in red, reflecting a broader downturn in the market. <a href="https://coingape.com/markets/bitcoin-price-top-reasons-why-65k-support-can-end-crypto-crash/">Bitcoin</a>, the largest cryptocurrency by market capitalization, has seen a significant drop, falling below the $66,000 mark for the first time in several months.&nbsp; 
This downward trend is mirrored by other major cryptocurrencies, such as <a href="https://coingape.com/price/ethereum/">Ethereum</a> and XRP, which have also experienced declines, fueling other altcoins like Notcoin. 
Market analysts suggest that the sell-off could be a reaction to a variety of factors. Bitcoin’s upward momentum is faltering due to macroeconomic pressures, miner capitulation, outflows from <a href="https://coingape.com/us-bitcoin-etf-outflow-hits-146m-as-bitcoin-price-plummets">Bitcoin ETFs</a>, and a slowdown in the issuance of new stablecoins. 
<h2 id="span-style-font-weight-400-technical-analysis-indicates-bearish-sentiment-span">Technical Analysis Indicates Bearish Sentiment</h2> 
With the current bearish market, Notcoin shows signs of strong downtrend momentum. If market sentiment shifts and increases pressure, Notcoin’s value might find support at $0.015.&nbsp; 
A prolonged downturn could see the price decline to approximately $0.012, highlighting a more bearish market outlook. If bearish forces intensify, Notcoin may also drop to $0.01. 
However, if bullish sentiment strengthens, Notcoin might enter a bullish phase soon. Notcoin could break through the $0.019 resistance level if the current trend continues. This upward trajectory suggests its value is nearing the $0.02 mark, potentially reaching $0.05 in the foreseeable future. 
The 4-hour technical indicators for the Notcoin trading pair show a concerning downward trend in recent trading sessions. The Moving Average Convergence Divergence (MACD) is below the signal line, indicating a bearish momentum. The histogram also shows a decrease in momentum as the red bars decline in height.&nbsp; 
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<figure id="attachment_202987" aria-describedby="caption-attachment-202987" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-202987" src="https://coingape.com/wp-content/uploads/2024/06/NOTUSDT_2024-06-18_16-08-01-e1718716976871.png" alt="Notcoin Price Forecast: What's Next as Bearish Momentum Builds?" width="1200" height="619">
 <figcaption id="caption-attachment-202987" class="wp-caption-text">
 Notcoin Price Forecast| Source: <a rel="nofollow" href="https://www.tradingview.com/x/WRryJvI8/">Tradingview</a>
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</figure> 
The Relative Strength Index (RSI), currently at 27, has dipped into the oversold territory, suggesting that the asset might be undervalued at its current price or that a continued sell-off has excessively driven the price down. 
The Bollinger Bands on the 4-hour chart for Notcoin indicate a narrowing of volatility, with the current price trend descending toward the lower band. The upper limit of the Bollinger Bands is approximately $0.022, while the lower limit is about $0.014.&nbsp; 
The post <a href="https://coingape.com/markets/notcoin-price-forecast-is-not-going-to-zero-as-bearish-momentum-builds/">Notcoin Price Forecast: Is NOT Going To Zero As Bearish Momentum Builds?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Notcoin Price Forecast: Is NOT Going To Zero As Bearish Momentum Builds?

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