📈 Notcoin (NOT) has recently shown gains despite Bitcoin (BTC) struggling to hold above $61,000.
📅 On June 16th, AMBCrypto noted bullish social sentiment and short-term price optimism for Notcoin.
📉 However, recent price action has reinforced a bearish trend, with a brief upturn observed in the past 24 hours likely to be short-lived.
📈 Resistance at a trendline could hinder bullish momentum:
🟠 A trendline resistance drawn from early June highs historically acts as a barrier during bullish phases and is expected to play a similar role now.
💲 Following a late May rally, Fibonacci retracement levels suggest $0.0171 could serve as resistance, potentially leading to movements towards $0.0101 or the 78.6% retracement level.
📊 Futures market data lacks strong bullish signals:
📉 Data indicates continued bearish sentiment on the price chart, with spot CVD showing slight recent rebounds but an overall downward trend.
📈 Open Interest has seen a modest increase, yet without corresponding demand in spot markets, bullish speculators hoping for recovery may face disappointment.
💰 The Funding Rate remains positive but not exceptionally high, hovering near +0.021, with typical levels around +0.025 since early June.
Top comments (0)