Notcoin (NOTUSD) Price Forecast: June 11
The NOTUSD price shows signs of upward retracement after updating the lows. If the bulls can prove harder, the coin price could make a retest at a $0.0265 high mark which may potentially surge higher to hit the $0.0300 upper trend line and beyond.
Key Levels:
Resistance Levels: $0.0186, $0.0187, $0.0188
Support Levels: $0.0170, $0.0169, $0.0168
NOT (USD) Long-term Trend: Bearish (1H Chart)
The NOTUSD is waving at the support and also shows a sign of upward retracement as the bulls are regaining their strength in the long-term view.
The price drop by the sell traders to a $0.0173 support level before the close of yesterday’s session, has dropped the coin price below the supply levels in its recent high.
Today, the bulls made an upward retracement to a high of $0.0186 level below the moving averages as the 1-hourly chart opens. This implies that the coin buyers are coming in gradually to stage a play and this may continue.
In addition, there is a tendency for the coin to continue with the upward retracement as suggested by the daily signal pointing in an upward direction. This will enable buyers to take the NOTUSD price up to a high of $0.0300 upper high level soon in its long-term perspective.
NOT (USD) Short-term Trend: Bearish (15-Minute Chart)
NOTUSD market also shows a sign of upward retracement in its short-term outlook. The price is currently trading below the moving averages, this affirms its bearish trend.
The sustained bearish pressure to a $0.0174 low value in the previous session also contributed to its bearishness in recent times.
At the time of writing this article, the Notcoin market was propelled higher by the bulls until it reached a new high of $0.0186 level below the moving averages as a sign of an upward retracement.
However, the currency pair could grow further if the buy traders managed to break up the $0.0197 previous high level, maintaining a further growth potential for the buy traders.
Additionally, the NOTUSD price upward retracement may continue as indicated by the daily stochastic pointing upwards. Therefore, if all the support holds in place, the coin price might increase further to the $0.0300 upper high level soon in its short-term outlook.
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