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Notcoin (NOTUSD) Price to Accelerate Further

Johnathon Fox
06/05/2024 | UPDATED ON: 06/05/2024

Notcoin (NOTUSD) Price Forecast: June 5
The NOTUSD pair is very likely to accelerate further as the bulls are currently gaining more strength in the coin market at the moment. The crypto might likely continue its upside move if the current support at $0.0223 value holds, and the long-term chart closes above the $0.0293 resistance level, then there is a high probability of the price accelerating further to the $0.0300 upper resistance trend line.

Key Levels:
Resistance Levels: $0.0234, $0.0235, $0.0236
Support Levels: $0.0112, $0.0111, $0.0110

NOT (USD) Long-term Trend: Bullish (1H Chart)
Notcoin remains in a bullish trend in anticipation of accelerating further in its long-term outlook. The bulls are trying not to fall this time around. Further, the coin prices are traded above the EMAs, this confirms a bullish trend.
Notcoin (NOTUSD) Price to Accelerate Further
The bullish reversal at the $0.0214 high value in the previous action has sustained the crypto above the supply trend lines and enabled it to accelerate further in its recent high.

As a result of price rejection in the previous action, buyers were able to push the price of NOTUSD higher to a $0.0234 high level above the supply trend levels as the hourly session opens today. More gains are possible if the bulls should put extra effort into the price action.

In addition, the momentum indicator pointing upwards suggests the coin price will accelerate more to retest the $0.0293 supply value which could further accelerate to a $0.0300 upper high level soon in its long-term outlook.

NOT (USD) Short-term Trend: Bullish (15-Minute Chart)
The NOTUSD price can accelerate further as the coin price displays a bullish posture in its medium-term outlook. This is due to the high inflow from the long traders.
Notcoin (NOTUSD) Price to Accelerate Further
The increase in the momentum by the bulls at the $0.0227 supply value during yesterday’s session has enabled the Notcoin price to accelerate further and stay strong above the resistance lines later.

The market price of NOTUSD has just broken up the EMA-50 at the $0.0237 supply level as the 15-minute chart opens today. This will give the crypto a high tendency to accelerate further.

Furthermore, the daily stochastic signals an uptrend, if the bulls could push harder and sustain the coin price above the $0.0293 previous high, the resulting rally may surpass the $0.0300 level and hit the $0.0400 psychological level at the upside in the day ahead in its short-term perspective.

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
Previous Post: « EURJPY Retreats as Price Action Fails to Break the 171.00 Level
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