Notcoin (NOTUSD) Price Forecast: May 31
The NOTUSD market remains open for bullish continuation as it holds above the $0.0117 supply level. The coin has gradually increased due to the high impact of the buy traders. With the current trend, if the bulls break above the $0.0123 high accumulation zone, the coin price could see a 20% increase reaching the $0.0128 upper resistance level, indicating an overall bullish market sentiment.
Key Levels:
Resistance Levels: $0.0117, $0.0118, $0.0119
Support Levels: $0.0080, $0.0079, $0.0078
NOT (USD) Long-term Trend: Bullish (1H Chart)
In terms of its long-term outlook, NOTUSD is in a bullish trend market and remains open for bullish continuation as it holds above the supply levels and approaches the overhead barrier.
It appears that the bulls will continue to be dominant in the crypto market. At this moment, there are several potential targets, but the pair appears to be very optimistic.
The bulls’ pressure on the coin to a $0.0096 resistance level in the previous action has made it possible for it to remain open for bullish continuation in its recent high.
On the long-term chart, an increase to a high level of $0.0119 above the EMA-50 and heading toward the overhead resistance today suggests that buyers are actively accumulating for bullish continuation at this point.
Thus, a possible breakout from the mentioned supply will accelerate the buying momentum and push the prices of Notcoin higher to hit the previous high at the $0.0123 level, bolstering buyers for a sustainable rally.
Notably, the market is pointing up on the daily stochastic; this means that the crypto is open for bullish continuation, in light of this, the price of NOTUSD might hit the $0.0128 supply trend mark, thus registering a buy signal for coin traders soon in its higher time frame.
NOT (USD) Short-term Trend: Bullish (15-Minute Chart)
The coin is also displaying a bullish posture and remains open for bullish continuation in its medium-term outlook. This is due to the high inflow from the long traders.
The sustained bullish pressure to a $0.0096 high level in the previous action has made the NOTUSD price remain open for bullish continuation in recent times.
The current price of Bitcoin at a $0.0126 high level above the moving average suggests that the crypto buyers are ready for a bullish continuation. The market participants are responding to this pattern, and its breakout should offer a good buy entry opportunity.
Hence, the pair pointing up on the daily stochastic means that the coin price may continue to open for bullish continuation, and suggests a possible bullish expansion which may lead the price of Bitcoin to a $0.0128 supply level soon in the short-term time frame.
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