Telegram's coin, Notcoin (NOT), has experienced a brief period of stability since early September. Thanks to several support levels, the cryptocurrency has avoided sharp corrections over the past few months.
However, a key level to watch is $0.00732. If Natcoin falls below this level, investors could incur significant losses. If this level is breached, the price could plummet.
Natcoin likely to decline further in the near future.
The Relative Strength Index (RSI) continues its downward trend, suggesting a bearish outlook for Notecoin. The upward momentum has gradually weakened since mid-July, affecting the overall market sentiment surrounding altcoins. A falling RSI reflects weakening buying pressure, which could negatively impact Notecoin's price in the short term .
As the RSI continues to decline, the likelihood of a price recovery also decreases. Unless buying interest significantly increases, NOT may struggle to maintain its current price level.
Read more: What is Notcoin (NOT)? A Guide to the Telegram-Based GameFi Token
However, despite the bearish signals, there is still hope for Notecoin, thanks to the Chaikin Money Flow (CMF) indicator. The CMF indicates that investor interest remains high and inflows are gradually increasing.
The rapid rise in the indicator suggests that net inflows could turn positive once the zero line is crossed. This change could prevent a price decline and keep Notecoin relatively stable in the short term.
NOT Price Prediction: Setting the Right Goals
Notcoin is currently trading at $0.00744 , hovering just above the crucial support level of $0.00732. If the price declines further and threatens to breach this support level, NOT could decline to the levels seen in early September. However, several technical factors suggest that NOT may avoid a full-blown decline and continue to stabilize.
If Natcoin can maintain the $0.00732 support level, the cryptocurrency is expected to gain enough buying power to break above the $0.00855 upper limit. This would provide investors with the necessary upward momentum and allow the cryptocurrency to recover some of its recent losses.
Read more: How to Buy Notcoin (NOT) and Everything You Need to Know
However, if bearish sentiment persists, Natcoin could break through a key support level and fall to $0.00572, representing a 23% decline. The lack of strong technical and psychological support at this level could exacerbate the decline and undermine any attempts at an upside recovery.
