• Notcoin consolidates despite a bullish market and rising volume.
• Resistance at $0.002277 remains a key bullish hurdle.
• Open Interest declining points to reduced leveraged participation.

Notcoin (NOT) is trading at .0021 despite a recent 4.52% drop in 24 hours. The coin shows consolidation near key moving averages, with resistance at $0.002277 and a target of $0.003178.

Trading volume is rising, but Open Interest has declined, indicating lower leveraged activity. Technical indicators reflect a bullish market sentiment, with potential for volatility ahead.

Technically, the price is in consolidation around the short-term 20-day EMA of $0.002114. Its 50-day EMA at $0.002213 provides an instant level of resistance, and the 100-day EMA at $0.002277 is a more important barrier before hitting the major target of $0.003178, which coincides with the 200-day EMA.

Notcoin aims for a $0.003178 breakout soon

Contracting Bollinger Bands indicate an imminent volatility breakout on the horizon. Market sentiment indicators remain balanced. The Relative Strength Index (RSI) sits at 49.37, reflecting a neutral stance with no dominant bullish or bearish pressure.

The Moving Average Convergence Divergence (MACD) is slightly bullish, with the MACD line above the signal line, but minimal histogram bars highlight weak buying strength.

For an upside scenario, NOT needs to break through $0.002277 to build momentum toward the $0.003178 target. Failure to hold the immediate $0.002100 support could lead to a decline toward $0.001900, aligning with the lower Bollinger Band.

Also Read: Notcoin Ignites 30% Rally: Eyes Set on $0.03 After Breakout

Trading Volume Climbs, Showing Short-Term Activity

Following its peak, Notcoin has faced prolonged declines, with Open Interest dropping 3.66% to $47.48 million, while trading volume climbed 19.81% to $77.84 million, signaling short-term participation despite the bearish trend.

The OI-weighted funding rate stands at 0.0044%, indicating only a mild bias toward long positions. Recent positive funding rates suggest periodic sporadic speculative demand, primarily driven by short-term traders.

Also Read: Notcoin Surges Amid Market Volatility, Eyes 25% Gains