NOT Coin Surges 25%, Sparking Market Interest
- Market Attention Surge: NOT Coin's 25% single-day surge has captured significant market attention, yet traders have built heavy short positions amid rising prices, indicating skepticism about the sustainability of this rally.
- Derivatives Market Dynamics: Despite the price increase, traders are leaning towards downside positions, with open interest sharply rising; Binance and Bybit recorded approximately $3.1 million each in positions, leading to a total market exposure of around $7.8 million, reflecting expectations of a reversal.
- Retail Interest Rising: Google Trends data shows a notable spike in global search interest for NOT Coin, reaching a reading of 35 during the latest surge, with historical patterns suggesting that such spikes often align with breakout phases in price action.
- Tense Market Structure: The conflict between retail accumulation signals and bearish sentiment in the derivatives market may lead to sharp volatility, as the market is currently a battleground between buyers and sellers, creating uncertainty about future price movements.
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Technical Analysis for NOT
Technical Sentiment Analysis for Notcoin (NOT). As of , Notcoin (NOT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for NOT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, NOT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Notcoin (NOT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000121 | 0.000231 | 0.000327 | 0.000437 | 0.000533 | 0.000643 | 0.000739 |
| Fibonacci | 0.000231 | 0.00031 | 0.000359 | 0.000437 | 0.000516 | 0.000565 | 0.000643 |
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