CandleFocus Notcoin Consolidates: Holders Eye Potential Gains Up to $145 Million After Breakout
2024-10-07
Author: Content Editor
The price of Notcoin (NOT) has been consolidating in September, briefly breaking above the $0.0083 resistance level before falling back into consolidation. However, there is optimism that a rally may be on the horizon if certain market conditions align. The Global In/Out of the Money (GIOM) indicator shows that a significant amount of NOT tokens was purchased between the price range of $0.0081 and $0.0072, potentially driving up buying pressure. Despite this bullish scenario, the overall market sentiment for Notcoin remains bearish due to prolonged consolidation and growing pessimism among investors. Notcoin is currently trading at $0.0080 and is stuck in a range between $0.0083 and $0.0070. If the resistance is broken, a rally could lead to a 17% price increase to $0.0094, potentially opening the door for further gains.
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