Notcoin (NOT): will it manage to recover? – analysis by CoinPedia
Regardless of the ongoing correction, Notcoin was among the tokens that recorded huge search volumes, indicating the positive sentiments of the traders. Started as just a viral Telegram game, NOT price soon entered among the top traded tokens. Therefore, after experiencing excessive compression, the price is expected to explode in the coming days, which may elevate the levels beyond $0.02.
The below chart displays the rise & fall of the NOT price rally, which indicates the selling volume has drained off. The price maintains an ascending consolidation and appears to have fulfilled both the upside and downside waves. With this, the token is now getting ready for a fresh bullish wave, which may elevate the rally towards higher targets. Considering the MACD, the levels are close to undergoing a bullish crossover, which may lift the levels above the negative range.
This move may establish a new ascending trajectory only if the price manages to rise and sustain above the 20-day MA and later at the 50-day MA at $0.017 and $0.0197, respectively. These levels are expected to offer a strong base for the Notcoin price rally to test the higher targets. However, the key resistance lies at $0.02 and if these levels are achieved, the next bullish push may propel the Notcoin (NOT) price close to $0.03 after breaking the final resistance at $0.025, the current ATH.
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