Notcoin Price Prediction: Will It Break Above $0.021 or Plummet to $0.015?

Price Analysis: Notcoin Inches Up 3.79% in 24 hours; Is (NOT) Heading for Another Sideways or Breakout on the Horizon?

The recent market decline has rendered previous Notcoin (NOT) price predictions obsolete. At the time of writing, NOT’s price stands at $0.016, a 12% decline in the last 24 hours. This downturn has led to a bearish momentum emerging, with the Relative Strength Index (RSI) on the 4-hour chart dropping to 29.47, indicating a bearish trend.

Bearish Momentum Takes Hold

NOT/USD 4-hour chart. Source| TradingView

The decline in buying momentum was a primary factor in Notcoin’s price fall. If the RSI continues to decrease, the Notcoin price prediction will become increasingly gloomy. This bearish momentum is reflected in the current price of $0.016, which is a significant drop from the recent highs.

Weighted Sentiment Remains Positive

NOT Weighted Sentiment. Source| Santiment

Despite the bearish momentum, the Weighted Sentiment has managed to stay above the negative territory. This suggests that the broader market sentiment remains bullish on Notcoin. If the Weighted Sentiment maintains its positive stance, Notcoin’s price could potentially jump to $0.021.

Bearish Scenario: $0.015 Price Target

However, if the Weighted Sentiment falls into negative territory, it could lead to a price capitulation for Notcoin. In this scenario, the token’s value might slide down to $0.015.

Notcoin’s Proposal: A Bullish Catalyst?

The Notcoin team has announced the end of the NOT airdrop claiming period. They have also revealed that the unclaimed tokens will be burned, reducing the token’s supply. This move could potentially fuel a bullish price prediction for Notcoin.

Traders’ Confidence Reflected in Funding Rate

Source| Santiment

Furthermore, the positive Funding Rate indicates that traders are confident in Notcoin’s price recovery. This bullish sentiment among traders could further support a favorable price prediction for the token.

Read Also: Notcoin Soars 15% as TON Blockchain Shatters Records: What’s Driving the Surge?

In conclusion, the Notcoin price prediction presents a multifaceted outlook. The bearish momentum indicated by the RSI could lead to a price decline, while the positive Weighted Sentiment and the Notcoin team’s proposal suggest a potential bullish reversal. Investors and traders will need to closely monitor the market dynamics to determine the token’s future price trajectory.

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Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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