Notcoin took on a bearish market structure after falling below the range lows, and the downtrend is set to get stronger.
Since the 20th of July, both the price and the Open Interest of Notcoin have trended downward, showing bearish sentiment.was beginning to trend downward once again. This was not good news for investors after the breakout past the trendline resistance on the 6th of July. The bearish pressure could erase the gains made earlier this month.. Since then, the token has fallen below the short-term range lows and could be headed toward the local lows at $0.0099.
There were minor bounces in both of them which lasted a few hours, but overall the trend signaled bearish sentiment.The spot CVD also continued to slump. This showed selling pressure had the upper hand. The funding rate was nominally bullish but does not foreshadow an upward price move.Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.Akashnath Sumukar works as a Senior Journalist at AMBCrypto.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why Notcoin holders should be cautious of NOT’s latest rallyNotcoin showed strong signs of building a sustainable uptrend but the trajectory of Bitcoin might stall the bulls' efforts.
Read more »
Notcoin price prediction yields a warning for short-term tradersNotcoin's price prediction is that in the coming days, swing traders can position themselves according to the range. In fact, analysis...
Read more »
Notcoin slips below $0.0156: A bearish sign for NOT’s price?Notcoin has a bullish bias after breaking a trendline resistance and its bearish market structure, but market participants were not confident
Read more »
Notcoin rises 14%: Is another 80% surge on the cards for NOT?Notcoin [NOT] bulls clearly dominated the market last week as the recently launched token’s price increased by double digits.
Read more »
Notcoin skyrockets 55% in 24 hours: Could it climb another 35%?Telegram-linked Notcoin [NOT] has gained massive attention from investors following the record 55% price surge, rising from $0.010 to $0.016.
Read more »
Notcoin buyers, is THIS the perfect time to go long?Notcoin [NOT] recently fell below its 20 and 50 EMA on the 4-hour hour after witnessing a strong bearish edge. Sellers renewed their pressure
Read more »