Notcoin Explodes While the Crypto Markets Consolidate Following Kraken Listing—Will NOT Price Reach $0.005?
The cryptocurrency market juggles in a narrow range, which is a strong range of resistance and support. Meanwhile, Notcoin left the merger zone, with trading volume rising by more than 280%, raising the level to above $0.0035. The price has risen to the purchase area. Similar to that Binacecoin Price Rally shows that this suggests that non-price may test higher resistance before making corrections.
Isn’t the price gathering short-lived? Will bears squeeze out profits after rising above some resistance?
Not the price After Kraken Exchange announced its listing, the deal was made before the breakout. Shortly thereafter, trading volume soared from about $80 million to as high as $250 million in a few hours. This suggests that traders have started to swap hands on tokens, which will soon disappear. The latest price drops suggest they may even squeeze out some profits.
What is the next non-price gathering?
The chart above shows that non-price bullish differences are obvious, which may cause bullish hope. In addition, the continuation has not been verified. As shown in the Bollinger Band pattern, the ability to exert bearish pressure remains. So the price may hover around the average range of Bollinger until the band isn’t squeezed.
On the other hand, RSI bounced from oversell range and triggered a bullish breakthrough on the trend line. Meanwhile, verification may be performed after an average range of 50 above the average range, which may squeeze bearish as NotCoin may ensure a level above $0.004. Otherwise, the price is expected to face more bearish action and fall below $0.003.
As the number has been rising frequently at intervals, it indicates that traders are alert to NotCoin (Not) price action, which may prevent too many bearish activities of tokens.
