Notcoin (NOT) is gaining traction as market sentiment improves, with traders showing cautious optimism. Over the last 24 hours, the token advanced nearly 2.96%, while holding stable performance over the past week.
At the time of writing, Notcoin is trading at $0.001809, supported by a market capitalization of $179.91 million. However, its trading volume has fallen by 17.69% to $21.4 million, suggesting reduced short-term activity.
This contrast between rising price and falling volume suggests that demand exists, but participation remains cautious. The token’s ability to sustain momentum despite weaker trading flows highlights resilience, though it also signals that stronger buying interest will be necessary for further upside.
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Notcoin is hovering close to its lower Bollinger Band support at $0.00149. The mid-band resistance sits at $0.00219, while the upper band extends to $0.00290. This setup reflects price consolidation near the bottom of the range, signaling limited momentum in either direction.
This structure indicates consolidating near the lower range, with recent candles highlighting indecision and subdued volatility. If the $0.00149 support zone holds, a rebound could follow, but a breakdown may drive prices toward the $0.00120–$0.00100 area.
A close above $0.00219 would be required to reverse sentiment to positive and clear a path to higher resistance. Buyers’ next major target is at $0.00290, a level that matches the upper Bollinger Band.
The RSI (14) is 40.52, just below its neutral level of 41.44. This shows weak selling pressure, with the bears still having a bias. A move below 40 would confirm higher risk to the downside, while a move back to the 45-50 zone would bias sentiment more positively.
Conversely, the MACD reveals initial recovery levels. The MACD line (-0.00065) has moved above the signal line (-0.00082), and the histogram has switched to positive at 0.00017. This reveals initial stages of bullish momentum, though confirmation with superior price action is required before the upward trend can be confirmed.
Price stability follows a period of tempering speculative action for Notcoin. Open interest has risen 1.61% to $50.72 million, indicating speculators are tentatively returning to positions. Trading volume has dropped, indicating short-term speculation has died down but also signaling consolidation before potentially breaking out.
The OI-weighted funding rate is 0.0037%, with a slight bullish bias. But that is not enough to signal aggressive positioning. A balance between a slight long bias and dipping open interest indicates a sideways market, with consolidation on the horizon until new catalysts show up.
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