Notcoin (NOTUSD) Price Forecast: July 5
Amid the broader market downturn, the NOTUSD market prepares for a new upbeat trend as it witnesses renewed buying pressure. Based on the chart, if the resistance level rises above the $0.021 peak level, the upbeat trend may soar higher to the $0.030 upper resistance level, resulting in an intraday gain for the coin traders.
Key Levels:
Resistance Levels: $0.012, $0.013, $0.014
Support Levels: $0.008, $0.007, $0.006
NOT (USD) Long-term Trend: Bearish (4H Chart)
Having completed the downward trip, NOTUSD prepares for a new upbeat trend to attract more investors in its long-term view. The coin price is below the moving averages, indicating a bearish momentum.
The high order flow of the sell traders to a $0.011 low level before the close of yesterday’s session is the cause of the coin’s low level in its recent price level. This will soon be invalidated because the crypto is prepared for a new upbeat trend to turn around the momentum positively.
Today, the market price of Bitcoin at the $0.012 high level below the moving averages as the 4-hourly chart opens, is a pullback and suggests that the coin price is preparing for a new upbeat trend and from the way it is at the moment, it will keep growing. This signals a true reversal, which could lead to the $0.021 breakout.
In addition, there is a tendency for the coin to rise if the support level holds, enabling buyers to take the NOTUSD price up to a high of $0.030 upper high level soon as it prepares for a new upbeat trend in its long-term perspective.
NOT (USD) Short-term Trend: Bearish (1H Chart)
After updating the downward momentum as usual, NOTUSD prepares for a new upbeat trend in its short-term outlook. The price responded to the shift in the market structure and is currently trading below the moving averages.
The cryptocurrency has completed its downturn and is now poised for an upward trend. Following a series of lows shortly after the opening of today’s 1-hourly chart, the bulls have opted to turn the trend upward.
At the press time today, the Notcoin buyers drove the coin price to the $0.012 resistance level below the EMA-50 as the 1-hour session opened, indicating that the crypto is preparing for a new upbeat trend to increase the investors’ confidence in the asset.
Thus, a further increase in buying pressure may cause the cryptocurrency price to retest the previous high of $0.015, obtaining a higher footing to rise higher.
Similarly, there is likely an increase in the price of NOTUSD as the market remains upward on the daily signal. Therefore, a shift in trend to a high at the $0.030 supply mark may be achieved in the days as it prepares for a new upbeat trend in its long-term outlook.
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