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The Notcoin NOT/USD cryptocurrency continues to move as part of the correction and formation of the “Triangle” pattern. At the time of publication of the forecast, the Notcoin rate is 0.0220. Moving averages indicate a short-term bullish trend for the coin. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise in the value of the asset from current levels. As part of the technical analysis of Notcoin, we should expect an attempt to develop a bearish correction in the coin’s rate and a test of the support area near the level of 0.0200. Then, the price rebounds upward and the asset continues to rise with a potential target above the level of 0.0300.

Notcoin forecast Notcoin for June 7, 2024

An additional signal in favor of the growth of the Notcoin cryptocurrency on the market will be a rebound from the broken trend line on the relative strength indicator (RSI). The second signal will be a rebound from the lower border of the Triangle pattern. Cancellation of the growth option for the NOT/USD pair on Forex will be a fall and a breakdown of the 0.0170 area. This will indicate a breakdown of the area of ​​the lower border of the “Triangle” model and a continuation of the fall of NOT/USD quotes to the area below the level of 0.0120. Expect confirmation of the growth of NOT/USD quotes with a breakdown of the resistance area and closing of the price above the level of 0.0250, which will indicate a breakdown of the upper boundary of the “Triangle” model and the beginning of the development of a pattern with targets above.

Thus, Notcoin forecast Notcoin for June 7, 2024 suggests an attempt to develop the development of a bearish correction and test the support area near the level of 0.0200. Further, the NOT/USD currency pair continues to grow with a target above the level of 0.0300. An additional signal in favor of the rise of the Dollar Franc coin will be a rebound from the trend line on the relative strength index. Cancellation of the growth option will be a fall and a breakdown of the 0.0170 area. This will indicate a breakdown of the support level and a continued fall of the pair with a potential target below the level of 0.0120.