Notcoin (NOTUSD) Price Forecast: July 6
The NOTUSD pair is climbing and approaching new resistance trend levels. The coin is moving upward after hitting the $0.009 low level, indicating a pump. Thus, a significant push from the present price at the $0.010 supply value will place the cryptocurrency in a bullish trend, which may further extend to the $0.025 upper resistance level, resulting in immediate gains for buy traders.
Key Levels:
Resistance Levels: $0.009, $0.010, $0.011
Support Levels: $0.006, $0.005, $0.004
NOT (USD) Long-term Trend: Bearish (4H Chart)
The NOTUSD pair is approaching the new resistance trend levels with a bearish sentiment in its long-term outlook. The coin is trading below the EMAs. However, the current trend will soon be nullified as the market resumes its bullish run toward the overhead barrier.
The prolonged negative pressure at the $0.009 support value has caused the cryptocurrency price to go below supply levels in recent times. However, the bulls are now poised to push the coin price much higher to its new resistance trend levels.
Today’s 4-hourly chart shows the Notcoin price is approaching the new resistance levels and trading at the $0.010 correction level below the EMA-50. Further, the rising prices reclaimed more confirmation for a bullish recovery.
As a result, if the bulls intensify their tension in the market, the price trend will climb above the $0.021 important level.
Additionally, the daily stochastic remains in an upward trend in the oversold range. As a result, if coin buyers manage to break above the $0.021 previous supply trend line, market participants may see a new rebound rally, with the possibility of reaching the $0.025 high level in the coming days as it approaches the new resistance trend levels in its higher time frame.
NOT (USD) Short-term Trend: Bearish (1H Chart)
The medium-term outlook for the currency pair is bearish. The price of Notcoin is below the moving averages approaching the new resistance trend levels.
The intervention of sell traders at the $0.009 low value in the preceding action caused the coin price to fall below the supply trend line in its recent high.
The market value of NOTUSD is seen approaching the new resistance level as it rises to a $0.010 high mark just below the moving averages, shortly after the start of the 1-hourly chart today, showing that positive sentiment is returning to the market. As a result, buyers must exert additional pressure on the market to propel it beyond the current price level.
Furthermore, the Notcoin market is displaying further upside potential, as evidenced by the daily stochastic moving upwards; we can undoubtedly expect greater gains and strength from the currency.
The pair is projected to rise to retest the $0.015 previous resistance level soon, perhaps exposing the coin price to reach the $0.025 upper high mark in the coming days as it approaches the new resistance trend levels in its short-term view.
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