CandleFocus

Notcoin Price Struggling: Further Correction On Its Way?

Author: Content Editor
The price of Notcoin (NOT) was facing bearish pressure and trading in a bearish tone. The broader market cues were also not bullish, leading to a significant drawdown in the NOT token value. The bears breached the support levels, resulting in a drop in price and a decline of over 40% in the last ten sessions. The token’s RSI curve showed a bearish momentum, indicating continuous selling by investors. The lack of substantial inflows suggested decreased investor confidence and the token’s price failed to gain traction. Some analysts remained bullish on the token, predicting a potential recovery in the short term. The funding rate and Futures Open Interest reflected mixed cues among investors, but the sentiment was slightly bullish as investors were willing to pay a premium to maintain their long positions. The immediate support levels were at $0.00700 and $0.006800, while the resistance levels were at $0.007800 and $0.00800.

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