🚀Notcoin Price Forecast: Is NOT Going To Zero As Bearish Momentum Builds?

Irma - Jun 18 - - Dev Community

📉 Notcoin price forecast shows a significant 14.64% drop, now trading at $0.01534, according to CoinMarketCap. With a market cap of approximately $1.575 billion, trading volumes surged over 5% in the last 24 hours, reaching around $770 million.

đź“Š Over the past week, Notcoin has seen a decrease of more than 4%, indicating bearish sentiment. Despite this, the token has gained approximately 130% over the past month, showing an overall upward trend. The broader market downturn, with Bitcoin dropping below $66,000, is affecting altcoins like Notcoin.

🔍 Analysts suggest various factors behind the sell-off, including macroeconomic pressures and miner capitulation. Notcoin shows strong downtrend momentum, possibly finding support at $0.015. A prolonged downturn could push the price to $0.012 or $0.01. However, a bullish phase could see it break the $0.019 resistance level, potentially reaching $0.05.

📉 Technical indicators show a concerning downward trend. The MACD is below the signal line, and the RSI is at 27, indicating oversold conditions. The Bollinger Bands suggest narrowing volatility, with the price trend descending toward the lower band.

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