📉 Notcoin Rejection at Resistance
On August 14th, Notcoin [NOT] climbed to $0.01288 but failed to clear the $0.013 resistance, keeping the bearish market structure intact. The recent rejection signals a bearish outlook.
⚖️ Neutral Momentum
NOT's momentum remains neutral, with no strong trend visible. The price bounce to $0.01288 didn't break the bearish structure, and the RSI is still below 50, indicating muted momentum. OBV also failed to surpass early August highs, showing a lack of buying pressure.
📊 Bearish Shift Expected
If the structure doesn't flip bullish soon, a retest of local lows at $0.00852 could occur. Despite a brief spike in Open Interest and CVD, seller dominance returned, indicating potential for further declines.