Analyst Predicts NOT Dip Before Potential Bullish Surge: Report

Renowned crypto analyst Zen has shared his latest insights on Notcoin (NOT), presenting a nuanced perspective. In a recent post, the analyst highlighted that initially displaying ultra-bullish momentum, NOT lost some of its upward drive during the first week of June. However, Zen believes this dip does not signify the end of its potential rally and expects it to continue, albeit with some short-term fluctuations.

Zen explained that traders should anticipate a dip below the Monday low, marking this level as the first significant liquidity pool. This level’s importance lies in its potential to set the stage for future price movements. According to Zen, the behavior of NOT around this level will be crucial in determining its next direction. 

The analyst points out that dips down to approximately $0.0184 can still be considered bullish, particularly if NOT can close 4 hours above 0.0198. According to Zen, this range indicates a healthy correction rather than a bearish trend. He reassures traders that such movements are part of the natural ebb and flow of the market and do not necessarily mean a long-term decline.

The analysis also includes a bullish scenario where NOT could return to a more robust upward trajectory. The analyst notes that if NOT can climb back above $0.0226, this would signal a potential return to bullish momentum. Achieving this level would likely lead to a liquidity hunt, driving the price higher, potentially above $0.0255. Such a move would indicate strong market confidence and attract more traders, further boosting the price.

Despite the recent loss of bullish momentum, Zen remains optimistic about NOT’s long-term prospects. He advises traders to watch the key levels of $0.0184 and $0.0226 closely, as movements around these points would provide critical insights into the cryptocurrency’s future performance.

The price of Notcoin (NOT) has reached $0.02206 today, marking an 8.19% increase in the last 24 hours. This significant rise adds to an 87% price surge over the past 7 days, showcasing strong market momentum. NOT’s 24-hour trading volume is $1,552,243,564, indicating high investor interest and activity.

While NOT has faced recent downward pressure, Zen’s analysis suggests this could be temporary. With key levels to watch and the possibility of a strong rebound, traders should remain vigilant and prepared for both dips and potential surges in the coming weeks.