Notcoin (NOT) is increasingly favored by investors, here are the price predictions

Bittime - Notcoin (NOT) has recently become one of Telegram's most prominent plays, sparking huge excitement in the market. The rewards of this game satisfy many investors with significant profits. Despite positive price movement in the past week, comments suggest that bulls are finding it increasingly difficult to push prices higher.

Will NOT Prices Go Down?

The purple area in the chart below shows Notcoin's trading range since July 8. The mid-range price of NOT in this area rose from $0.0145 to $0.0175, with $0.16 being the resistance level. According to COINTURK FINANCE, to get the latest financial and business news.

Currently, NOT's RSI value is 53, close to the neutral level of 50. Despite the positive momentum, comments suggest that a negative trend could start if the price falls below $0.156.

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Downward Purchasing Pressure Trend

Despite exceeding trendline resistance (orange) on July 6, OBV remained in a downward trend throughout July. This suggests easing buying pressure from bulls and a potential short-term downside.

The Future of Notcoin (NOT)

Although the funding rate remains positive, the signals do not indicate bearish sentiment. The liquidation map reveals the liquidation of long positions after price rejection three days ago.

After surpassing the $0.014 resistance, investors in long positions watched the drop in Open Interest closely.

The most prominent bearish signal came from spot CVD, which indicated a potential drop to $0.014 despite the ongoing price increase.

Currently, NOT price is up more than 5% in the last 24 hours, reaching $0.0163. More importantly, NOT trading volume increased by 100%, reaching $432 million.

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Conclusion

Notcoin (NOT) has attracted great attention in the cryptocurrency market with its popular Telegram games and attractive rewards for investors. Despite the positive price movement, there are signs that buying pressure is beginning to wane, which could lead to a potential price drop. Investors are expected to continue to monitor these developments closely to make informed investment decisions.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.