• Notcoin’s price dropped 3.02% in the past 24 hours, trading at $0.005802.
• An analyst highlighted a falling wedge pattern for a potential rally.

Notcoin [NOT] price experienced a 3.02% decline over the past 24 hours, with the token trading at $0.005802. The market capitalization rose to $594.42 million, a positive shift from the previous day.

Despite the price drop, the market showed resilience, though the trading volume decreased by 9.08% to $86.19 million.

This trading activity suggested moderate market interest, with a volume-to-market cap ratio of 14.49%. The fully diluted valuation (FDV) of NOT remained at $594.38 million, indicating confidence in the coin’s long-term potential.

With a total supply of 102.46 billion tokens, NOT was positioned for potential moves, though with careful market monitoring.

Notcoin primed for potential breakout amid low volatility

Notcoin’s price showed a consolidating trend, trading around $0.005807 at press time, which may be primed for a breakout. Analysts noted that the Bollinger Bands were narrowing, with the upper and lower bands set at $0.0071 and $0.0054, respectively.

This contraction often indicates low volatility, which could precede a significant price shift, suggesting a potential breakout.

Meanwhile, the Moving Average Convergence Divergence (MACD) indicator reflected bearish sentiment. The MACD line was below the signal line, while the negative histogram indicated ongoing downward momentum.

The MACD line must cross above the signal line for a bullish reversal, with a positive histogram shift toward the $0.0071 resistance level.

The Chaikin Money Flow (CMF) stood at -0.06, indicating mild selling pressure within the market. With a CMF reading below zero, sellers appear to hold more significant influence than buyers.

If CMF rises above zero, this would suggest increased buying momentum, which could support a move toward the resistance lev

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Author: Maxwell Mutuma