CandleFocus Notcoin (NOT) Holders Return Strong, 60% Rally in Sight
2024-09-12
Author: Content Editor
After a recent decline in price, Notcoin (NOT) holders are showing renewed confidence in the cryptocurrency, indicating a potential shift in market sentiment. On-chain data reveals that holders are holding onto their tokens despite the recent performance, with metrics such as Coins Holding Time and Addresses by Time Held showing strong conviction. The price of NOT has broken above a descending trendline, suggesting a potential bounce in the near future. The Relative Strength Index (RSI) indicates that the asset is close to the oversold region, potentially signaling a rebound. While buying volume currently seems muted, an increase in buying pressure could result in a strong rebound from recent lows. The Fibonacci retracement indicator predicts a potential surge of 60% to $0.012, but if confidence is lost, the price could fall to $0.0070.
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