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<p>Notcoin (NOT) continues to face bearish trends despite broader market optimism. While the coin’s price action has been bearish, analyst Zen <a href="https://x.com/WiseAnalyze/status/1803350351795339559" target="_blank" rel="noopener noreferrer nofollow">suggests a potential rebound </a>could be on the horizon.&nbsp;</p>
<p>Despite the current technical indicators pointing towards continued weakness, Zen highlights positive sentiment in the broader market, fueled by a recovery in traditional assets like gold and the stock market, as a potential catalyst for an upward price movement in Notcoin.</p>
<h2 class="wp-block-heading" id="strong-notcoin-not-price-analysis-strong"><strong>Notcoin (NOT) Price Analysis</strong></h2>
<p>While Notcoin’s price has dipped to the 4-hour Fibonacci Retracement level of around $0.0145, as predicted by Zen a week ago, the overall technical analysis presents a mixed picture. The analyst notes that the lack of sufficient trading volume is a bearish signal, and the price action has yet to form a clear bottom.</p>
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<p>Amid the bearish signals, the analyst suggests that there is a chance for a rebound in Notcoin’s price. This optimism stems from the positive sentiment observed in the broader market, with even traditional assets like gold showing signs of recovery.&nbsp;</p>
<p>Moreover, he noted that Notcoin, alongside other altcoins, depends heavily on the performance of Bitcoin (BTC), Ethereum (ETH), and the stock market, which shows signs of positivity.</p>
<p>The analyst emphasizes that while the Notcoin chart alone may not appear promising, the overall market conditions could potentially fuel a price rebound.</p>
<h2 class="wp-block-heading" id="strong-cautious-approach-recommended-strong"><strong>Cautious Approach Recommended&nbsp;</strong></h2>
<p>However, WiseAnalyze advises exercising caution when trading Notcoin. The analyst recommends waiting for the price to trade above $0.0171 before considering a bullish stance, as this level represents a 10% increase from the current price. While this approach may cause traders to miss the bottom, it also reduces the risk of being trapped in a fake bottom scenario.</p>
<p>In the event of further price dips, WiseAnalyze has identified potential support levels at $0.0132 and $0.0120, which he marked out a week ago. These levels could act as crucial areas of interest for traders and investors looking to accumulate Notcoin at discounted prices.</p>
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<h2 class="wp-block-heading" id="strong-not-s-price-strong-action"><strong>NOT’s Price </strong>Action</h2>
<p>According to CoinGecko at press time, Notcoin trades at <a href="https://www.coingecko.com/en/coins/notcoin" target="_blank" rel="noopener noreferrer nofollow">$0.01539</a>, with a daily trading volume of $854,557,520.42. This value means the token has dipped by 2.95% in the last day and a 6.07% decline over the past week.&nbsp;</p>
<p>While the technical analysis of Notcoin’s price action may appear bearish, WiseAnalyze’s assessment suggests that the broader market sentiment could potentially fuel a rebound. The analyst highlights the positive performance of traditional assets like gold, as well as the overall stock market, as potential catalysts for a resurgence in cryptocurrency prices.</p>
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<p>The post <a href="https://captainaltcoin.com/notcoin-not-faces-bearish-trends-but-analyst-predicts-potential-rebound-heres-his-outlook/" rel="noopener noreferrer nofollow">Notcoin (NOT) Faces Bearish Trends, but Analyst Predicts Potential Rebound – Here’s His Outlook</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Notcoin (NOT) Faces Bearish Trends, but Analyst Predicts Potential Rebound – Here’s His Outlook

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