With a loss of 4%, Notcoin's price hovers around the range of $0.0021.
The CMF value for Notcoin indicates an outflow of money from the asset.
All major assets are listed in red, anticipating a decline, as the cryptocurrency market loses momentum. Major assets like Bitcoin (BTC) and Ethereum (ETH) have retraced to their recent lows in the morning hours. The downward pressure has caused digital asset prices to retreat.
#wct #اقتصاد_رقمي #عملات_رقمية #بينانس_للمبتدئين $SOL
f$XRP
At the same time, Notcoin (NOT) has lost 4.21% of its value due to falling prices. Notcoin started trading today at around $0.002277. Ultimately, a wave of declines pushed the asset's price down to a low range of $0.002118.
CMC data showed that at the time of publication, the price of Notcoin was trading at $0.002166, with a market cap of $215.42 million. Moreover, Notcoin's daily trading volume increased by more than 6.76%, likely reaching $32.43 million.
The currency has seen a slight increase over the past seven days. Its weekly low was around $0.0019. With this upward trend, its price rose to about $0.0023. It also maintained a level of $0.0021 without a decrease.
Will Notcoin recover soon?
With the increasing strength of the bears, the price of Notcoin may drop to the support level of $0.002161. Any extended downward correction could lead to further losses, and the price may return to the low ranges recorded between $0.002156 and $0.002150. If upward pressure increases, the asset's price may rise to the nearest resistance level at $0.002171. It is likely that the bears will push the price of Notcoin down towards $0.002176 or higher.
NOT chart (Source: TradingView)
The slide of the asset's MACD line below the zero line indicates a fading bullish trend. Since the signal line is above zero, there is some remaining positive momentum, but with the risk of turning neutral or bearish if Notcoin's MACD drops further. Additionally, the Chaikin Money Flow (CMF) index stabilized at -0.12, indicating a slight selling pressure in the market. Notably, money is flowing out of the asset.
The daily Relative Strength Index (RSI) value for Notcoin, which stands at 47.60, is neutral, slightly leaning towards a bearish trend. Furthermore, the reading of the Bull Bear Power (BBP) for the asset, at -0.000113, is very close to zero, indicating a balance of buying and selling opportunities, with no strong directional pressure.