Telegram coin Notcoin (NOT) regains its uptrend with a 14% increase

The price of Telegram coin Notcoin (NOT) is recovering from its recent decline, which helped it break the downtrend line.

With the support of investors, Altcoins could see further gains as long as it overcomes key resistance.

Also Read: Notcoin (NOT) price skyrocketed 60% as large investors returned to control the market

Notcoin investors drive profits

NOT investors have shown eagerness in predicting the price increase of Notcoin, which is now becoming evident in their behavior. The first clue proving this comes from the funding rate. Consistently positive figures indicate strong bullish sentiment among traders.

Additionally, the steady trend of funding rates from negative levels reflects growing confidence in the market. This uptrend is a clear indicator of investors' optimism and their belief in Notcoin's potential.

Furthermore, the relative strength index ( RSI ) is currently above the neutral line. The RSI measures price momentum from 0 to 100, with values ​​above 50 indicating buying pressure and below 50 indicating selling pressure. This is an important technical indicator, highlighting an increase in buying pressure.

The rising RSI shows that many investors are buying Notcoin, further supporting the ongoing price increase. The combined positive funding ratio and RSI indicate bullish momentum.

Price Prediction NOT : Aiming for old highs again

Notcoin's price, trading below the $0.01794 resistance, has increased 14% in the past 24 hours. This barrier has been tested many times and this Telegram coin has been unable to break it once in the past month.

The price increase is seen by investors as a positive sign and could help NOT overcome resistance. This will allow a rise to 0.02000 USD, expanding the potential profits of investors.

But if the breakout fails again, Notcoin's price could consolidate between $0.01794 and $0.01300. A breach of the latter mark would likely invalidate the bullish thesis, leading to a loss of Telegram coin's recent gains.

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