{"id":395552,"date":"2024-05-29T18:30:02","date_gmt":"2024-05-29T13:00:02","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=395552"},"modified":"2024-05-29T13:52:44","modified_gmt":"2024-05-29T08:22:44","slug":"notcoin-targets-38-rise-despite-key-resistance-will-not-succeed","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/notcoin-targets-38-rise-despite-key-resistance-will-not-succeed\/","title":{"rendered":"Notcoin targets 38% rise despite key resistance: Will NOT succeed?"},"content":{"rendered":"<ul>\n<li><em>Notcoin saw a slump in buying pressure on the lower timeframes.<\/em><\/li>\n<li><em>The momentum and trend continued to favor NOT bulls.<\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/calculator\/profit\" target=\"_blank\" rel=\"noopener\">Notcoin [NOT]<\/a> saw a 115% rally that began on the 24th of May and lasted till the 28th. Since then, it has faced stiff resistance at the $0.0099 level, just below the psychological round-number resistance at $0.01.<\/p>\n<p>A recent <a href=\"https:\/\/ambcrypto.com\/notcoin-price-prediction-these-are-the-next-key-levels-for-not\/\" target=\"_blank\" rel=\"noopener\">AMBCrypto analysis<\/a> highlighted the $0.0066 and $0.0068 levels as key resistances. The bulls smashed their way through these short-term resistances, outlining the strength of the bulls this week.<\/p>\n<h4>The past 24 hours saw the upward move fizzle slightly<\/h4>\n<figure id=\"attachment_395601\" aria-describedby=\"caption-attachment-395601\" style=\"width: 1940px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/PP-1-NOT-alt-price.png\"><img decoding=\"async\" class=\"size-full wp-image-395601\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/PP-1-NOT-alt-price.png\" alt=\"Notcoin 2-hour Price Chart\" width=\"1940\" height=\"1010\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/PP-1-NOT-alt-price.png 1940w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/PP-1-NOT-alt-price-300x156.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/PP-1-NOT-alt-price-1024x533.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/PP-1-NOT-alt-price-768x400.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/PP-1-NOT-alt-price-1536x800.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/PP-1-NOT-alt-price-1200x625.png 1200w\" sizes=\"(max-width: 1940px) 100vw, 1940px\" \/><\/a><figcaption id=\"caption-attachment-395601\" class=\"wp-caption-text\">Source: NOT\/USDT on TradingView<\/figcaption><\/figure>\n<p>The $0.0072-$0.0075 region acted as resistance earlier this week but was flipped to support in the past 24 hours.<\/p>\n<p>After doing so, NOT prices surged higher to the $0.0099 level which had rebuffed the buyers on the listing day as well.<\/p>\n<p>A short-term range was observed between $0.0088 and $0.0099. This could be the consolidation phase NOT bulls need before forcing another rally.<\/p>\n<p>The buying pressure has weakened in the past 12 hours, as denoted by the CMF&#8217;s dive to stand at -0.05 at press time.<\/p>\n<p>The RSI remained above neutral 50 and signaled bullish momentum.<\/p>\n<p>The Fibonacci retracement levels showed $0.0072 and $0.0066 are important support levels, but it is unlikely that NOT would drop toward them in the coming weeks.<\/p>\n<p>A rally toward the extension levels at $0.0112 and $0.0132 is more likely to occur but a Bitcoin [BTC] drop below $67k might affect the Notcoin uptrend adversely.<\/p>\n<h4>The sustained demand encouraging<\/h4>\n<figure id=\"attachment_395583\" aria-describedby=\"caption-attachment-395583\" style=\"width: 1906px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/PP-1-NOT-coinalyze.png\"><img decoding=\"async\" class=\"size-full wp-image-395583\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/PP-1-NOT-coinalyze.png\" alt=\"Notcoin Coinalyze\" width=\"1906\" height=\"1067\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/PP-1-NOT-coinalyze.png 1906w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/PP-1-NOT-coinalyze-300x168.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/PP-1-NOT-coinalyze-1024x573.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/PP-1-NOT-coinalyze-768x430.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/PP-1-NOT-coinalyze-1536x860.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/PP-1-NOT-coinalyze-1200x672.png 1200w\" sizes=\"(max-width: 1906px) 100vw, 1906px\" \/><\/a><figcaption id=\"caption-attachment-395583\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/coinalyze.net\/notcoin\/open-interest\/\" target=\"_blank\" rel=\"noopener\">Coinalyze<\/a><\/figcaption><\/figure>\n<p>During the upward rally of the past two days, the short liquidations saw abnormally large spikes.<\/p>\n<p>This showed many participants were betting against more gains and were subsequently liquidated. Their forced market buy orders took prices even higher.<\/p>\n<p>The Open Interest was trending higher alongside the price, showing bullish sentiment behind the token.<\/p>\n<hr \/>\n<p style=\"text-align: center;\">Is your portfolio green? Check out the <a href=\"https:\/\/ambcrypto.com\/calculator\/profit\" target=\"_blank\" rel=\"noopener\">NOT Profit Calculator<\/a><\/p>\n<hr \/>\n<p>The majority of the market were convinced that the rally might extend higher, which raised some concerns that a liquidity hunt might ensue.<\/p>\n<p>The spot CVD also caught a strong move upward, which was encouraging. The recent rally was not a byproduct of the derivatives markets alone, and more gains were a possibility.<\/p>\n<p><i>Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>$0.0072 and $0.0066 are important support levels, but it is unlikely that NOT will test them anytime soon.<\/p>\n","protected":false},"author":57,"featured_media":395626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,18,66,3,23,4,20],"tags":[6427],"class_list":["post-395552","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-hide-cryptopanic","category-new-news","category-news","category-no-home","category-social","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Notcoin targets 38% rise despite key resistance: Will NOT succeed? 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