Notcoin (NOTUSD) Price Forecast: June 8
The NOTUSD bulls are making solid progress as the price currently faces the overhead resistance level, indicating more active buys in the market. The coin is possibly making its way up again after updating the lows to signal a pump. Thus, a significant push from the current price at the $0.0220 supply value above the supply trend levels will put the cryptocurrency more in a bullish trend and this may further extend to the $0.0300 upper resistance level resulting in intraday gains for the buy traders.
Key Levels:
Resistance Levels: $0.0219, $0.0220, $0.0221
Support Levels: $0.0201, $0.0200, $0.0199
NOT (USD) Long-term Trend: Bearish (1H Chart)
The NOTUSD bulls are making solid progress by moving the coin price up steadily on the long-term chart. The coin price is now trending upward below the moving average indicating a bearish trend. However, the current trend will soon be nullified as the market has resumed its bullish race to the overhead resistance.
The sustained bearish pressure on the crypto at the 0.0201 support level has made the price stay below the supply level in its recent price.
Today, the market price of Bitcoin at the $0.0220 high level which is below the moving averages as the hourly chart opens implies that the bulls are making solid progress to move us higher, and from the way it is at the moment, it will keep growing.
Thus, if the bulls could add more strength to their buying momentum, the coin price may swing further to retest the $0.0293 previous high level, indicating a strong area of interest for coin buyers.
Hence, there is a tendency for the coin to rise further, if the support level holds, this will enable the bulls to make more solid progress and take the price up to a high of $0.0300 soon in its long-term perspective.
NOT (USD) Short-term Trend: Bullish (4H Chart)
The Notcoin market is positive as the bulls continue to make solid progress on the short-term view. The price currently trades above the moving averages, which affirms its bullish trend.
The bulls made it to a $0.0217 resistance level during yesterday’s session and sustained it. This made it possible for the price to rise and make solid progress above the supply level in recent times.
Today’s market value of NOTUSD at a $0.0220 supply value above the two moving averages as the 15-minute session opens today suggests that bulls are making solid progress and affirms the presence of more buyers in the market.
Hence, if the current support at the $0.0217 level remains unmoved and the bulls should speed up their activities in the market, the $0.0238 resistance point might be retested soon.
In addition to that, with the daily stochastic pointing upwards, we can expect more solid progress from the bulls, if all the support holds in place. The price of Notcoin might jump up to the $0.0300 upper high level soon in its medium-term outlook.
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