The last 24 hours have been interesting for Notcoin (NOT), as the price consolidates around the $0.0082 mark after a steady climb from previous lows. Traders are closely watching the price action as several key technical indicators signal potential bullish momentum, though strong resistance lies ahead.
Price Movement Overview
Notcoin opened the 24-hour session at $0.00825 and is currently trading at $0.00818, marking a 2.83% increase. Amid this, the overall market sentiment leans positive as the asset has been consolidating its gains from the previous day.
The price remains above the 20, 50, and 100 Exponential Moving Averages (EMAs), which are acting as dynamic support levels. The 20 EMA, in particular, is currently hovering around $0.00818, close to the current price, indicating short-term support. Meanwhile, the 200 EMA at $0.00795 represents a key longer-term support level. Buyers could remain in control as long as the price remains above these EMAs.
Technical Indicators Signal Mixed Sentiment
While the EMAs suggest a potential bullish continuation, the Average Sentiment Oscillator (ASO) and related lines tell a different story. The ASO lines (blue at 39.79 and red at 60.20) indicate that bearish momentum is starting to gain strength as the blue line trends downward. This suggests that traders should remain cautious in the short term.
Despite this, the trend seems to be stalling as the indicators have flattened out, suggesting the price could shift direction with the right catalyst.
Resistance and Support Levels to Watch
The key resistance level remains at $0.00840, the high achieved during the latest rally. Bulls need to break through this level to push the price higher, targeting the next potential resistance at $0.00860. On the flip side, immediate support lies at the $0.00803 level, followed by the critical 200 EMA support at $0.00795.
If these support levels fail to hold, Notcoin could face a more significant decline, testing the $0.00760 region.
