Notcoin

<ul class="wp-block-list">
 <li>Notcoin shows mixed signals, with bearish pressure and rising wedge pattern on the chart.</li>  
 <li>A surge in active addresses and positive funding rates indicate growing market interest.</li>  
 <li>Notcoin's price could break $0.0104, but bearish trends and market caution remain.</li> 
</ul>  
<p><a href="https://cryptonewsland.com/can-not-reach-0-012-soon/" rel="noopener noreferrer nofollow">Notcoin (NOT)</a> recently saw a 3.4% increase, reaching $0.0085. This surge matched the recovery in the broader cryptocurrency market. Yet, despite the gains, Notcoin still faces bearish pressure. Will the token manage to break past $0.0104, or will these challenges lead to a decline?</p>  
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<h2 class="wp-block-heading" id="h-bearish-signs-rising-wedge-and-macd-trends">Bearish Signs: Rising Wedge and MACD Trends</h2>  
<p>While the price rose, Notcoin’s four-hour chart reveals a <a href="https://www.babypips.com/learn/forex/wedges" rel="noopener noreferrer nofollow">rising wedge pattern</a>. This formation suggests weakening upward momentum. If the token drops below the lower trendline, bearish momentum will likely take over. The MACD indicator also points to trouble. Negative histograms show bears are gaining control. The MACD line staying below the signal line confirms the selling pressure.</p>  
<p>A drop below the zero line could signal a stronger bearish trend, pushing prices down further. A fall below $0.0079 could lead to a sharper decline, possibly reaching $0.0064. Despite this, the <a href="https://www.investopedia.com/terms/o/onbalancevolume.asp" rel="noopener noreferrer nofollow">on-balance volume</a> remains high, indicating that buyers continue to hold their positions. This could suggest a period of consolidation.</p>  
<h2 class="wp-block-heading" id="h-positive-signs-active-addresses-and-funding-rates">Positive Signs: Active Addresses and Funding Rates</h2>  
<p>Not all signals are negative. A sharp increase in active addresses shows growing interest in Notcoin. Active addresses surged by 124%, from 10,930 to 24,530 in just 24 hours. This spike in activity could be a sign of more <a href="https://cryptonewsland.com/not-fuels-positive-market-shift-as-notcoin-burns-210-million-tokens-new-ath-soon/" rel="noopener noreferrer nofollow">traders watching Notcoin</a>.</p>  
<p>In the derivatives market, funding rates are also rising. At 0.0305%, they indicate that long traders are paying a premium to hold positions. This positive sentiment in the market suggests traders expect further price gains.</p>  
<p>While Notcoin faces bearish pressure, these positive market signals give hope for a potential rise to $0.0104. Traders should remain cautious, but these mixed signals offer an interesting outlook for the token.</p>   
<p>The post <a href="https://cryptonewsland.com/notcoin-price-outlook-is-0-0104-reachable/" rel="noopener noreferrer nofollow">Notcoin Price Outlook: Can NOT Reach $0.0104 Despite Mixed Signals?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Notcoin Price Outlook: Can NOT Reach $0.0104 Despite Mixed Signals?

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