The market bounce off is coming to an end, according to CoinStats.
NOT/USD
The price of Notcoin (NOT) has declined by 2.48% over the past 24 hours.
On the hourly chart, the rate of NOT might have found a local support level of $0.0155. If the daily bar closes far from it, the local rise may continue to the $0.01620 zone tomorrow.
A less positive picture can be seen on the bigger time frame. Bulls have failed to continue yesterday’s rise.
If today’s candle closes below $0.01540, bears may again seize the initiative, which can lead to a test of the $0.014 range soon.
From the midterm point of view, one should pay attention to the weekly candle’s closure. If it happens near the $0.01663 level and with no long wick, the accumulated energy might be enough for a resistance breakout, followed by a move to the $0.02 area.
NOT is trading at $0.01561 at press time.
