Notcoin (NOT) Surges 21% After Kraken Listing: What’s Next?
Notcoin (Not) has recently experienced a sharp decline, forming an all-time low (ATL) last week after a month-long downward trend. Still, Altcoin shows signs of recovery and is supported on the latest list on Kraken Exchange.
The list triggered a 21% price increase when signaling investors’ interest in tokens.
Notcoin has room for healing
The ratio of market value of realization value (MVRV) NotcoinRecent Reaching its lowest point reflects the continued decline and formation of ATL. The MVRV ratio is 0.33, indicating that Notcoin may have reached its saturation point and investors are unlikely to continue selling. This suggests that the token is more likely to experience upward movement and begin to recover its recent losses.
Since the MVRV ratio is so low, it shows that NotCoin is undervalued at its current price. This is also a sign of the best entry point. The bullish sentiment generated by potential accumulation can help altcoin recover and generate potential gatherings in the near future.
The overall macro dynamics of Notcoin Signs of reversal are being shown. Relative Strength Index (RSI) Recently immersed in the super sales area, below 30.0 points. Historically, this has been a key reversal point for many cryptocurrencies, as extended bearish often brings room to the rebound.
Such oversold conditions suggest NotCoin may be approaching a turning point. As bearish pressure saturates, altcoins may encounter new purchase interest, thereby increasing their price. Investors are paying attention to the market’s signs of full absorption of sales pressure, creating conditions for bullish reversals.
Not a price forecast: outbreak
Price of Notcoin After listing Kraken, it rose 21% in intraday sports, with investors responding positively to the news. Although altcoins later faced some resistance, this momentary bullishness sparked interest. At the time of writing, Notcoin is trading at $0.0030 and is trying to set the support level at $0.0031.
In order for Notcoin to continue recovery, it will require more than $0.0031 barriers. Flip this resistance into a solid support floor, which marks the end of the lower wedge pattern. Meanwhile, it will confirm the breakthrough to set the stage for further upward movement. Successful violations will pave the way with a price target of $0.0040.
if NOTCOIN Failed to violate $0.0031, it may remain in consolidation at this resistance level. In this case, Altcoin could surpass its all-time low of $0.0021, but failed to make significant progress in recovery. This will invalidate the bullish outlook and delay any potential price recovery.
Disclaimer
and Trust Project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and impartial reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions,,,,, Privacy Policyand Disclaimer Updated.
