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Notcoin (NOT) recently became one of the most notable Telegram games, triggering significant market excitement. The game’s rewards delighted many investors with substantial gains. Despite positive price movements in the last week, comments suggest bulls find it harder to push the price up.
Will NOT Price Drop?
The purple area in the chart below represents Notcoin’s trading range since July 8. NOT’s mid-range in this area rose from $0.0145 to $0.0175, with $0.16 becoming a resistance level.
As of writing, NOT’s RSI value was 53, nearing the neutral level of 50. Despite positive momentum, comments suggest a negative trend could start if the price falls below $0.156.
Despite surpassing the trend line resistance (orange) on July 6, OBV remained in a downtrend throughout July. This suggests reduced buying pressure from bulls and potential short-term declines.
Future of Notcoin (NOT)
Although the funding rate remains positive, signals do not indicate bearish sentiments. The liquidation map revealed a long position liquidation after a price rejection three days ago.
After surpassing the $0.014 resistance, investors in long positions closely monitored the decline in Open Interest.
The most notable bearish signal came from the spot CVD, suggesting a potential drop to $0.014 despite ongoing price increases.
As of writing, NOT’s price rose over 5% in the last 24 hours, reaching $0.0163. More importantly, NOT’s trading volume increased by 100%, reaching $432 million.
