Notcoin (NOT) has been under pressure over the past few days, facing a downtrend and attempting to stage a recovery. As the market outlook remains uncertain, traders and investors closely watch price action indicators to gauge potential movements. This analysis will explore the 24-hour price trajectory of Notcoin, focusing on key resistance and support levels that could influence its next move.

Price Action and Key Indicators

In the past 24 hours, Notcoin’s price reached a low of $0.00747, with a slight uptick to $0.00752 at the time of writing. The asset has been consolidating around this level after a significant dip. The Exponential Moving Averages (EMAs) on the 1-hour chart—specifically the 20, 50, 100, and 200 EMAs—show that Notcoin is currently trading below all these moving averages. This indicates that the overall trend remains bearish, with the 200 EMA acting as strong resistance at $0.00833.

Additionally, the Average Sentiment Oscillator (ASO) reflects a divergence in momentum. The red line, representing selling pressure, remains dominant at 57.35, while the blue line, indicating buying momentum, stands lower at 42.65. This suggests that selling pressure is still exerting control over the market, making it challenging for bulls to push the price higher.

Related article: 24-Hour Price Outlook: Toncoin (TON) Shows Signs of Weakness as It Struggles to Break Minor Resistance at $5.09

Resistance Levels and Potential Reversal

To reverse its current downtrend, Notcoin must break above key resistance levels. The first immediate resistance is the 20 EMA at $0.00768. A successful breach of this level could lead to a test of the 50 EMA at $0.00792, followed by the 100 EMA at $0.00833, which marks the primary hurdle for a broader recovery.

However, if Notcoin fails to gather sufficient bullish momentum, it risks further declines. In that scenario, the current support at $0.00747 would be critical, as a break below this level could open the door to a retest of the $0.00720 level seen earlier in the week.

Outlook for the Next 24 Hours

Given the indicators and the ongoing market sentiment, Notcoin’s price action will likely remain in a consolidation phase unless significant buying interest emerges. Traders should watch for potential volume spikes, which could hint at a breakout above resistance levels. Overall, the short-term outlook for Notcoin remains cautious, with the possibility of a recovery if bullish momentum builds.