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After a few days of a continued drop, most coins are bouncing back, according to CoinMarketCap.
NOT/USD
The rate of NOT has rocketed by 20% over the last day.
Despite today's sharp rise, the price of NOT keeps looking bullish on the hourly chart. If the daily bar closes near the local resistance of $0.01175, the growth may continue to the $0.012-$0.013 zone tomorrow.
On the bigger time frame, the rate of the altcoin is rising after a false breakout of the support level of $0.00912. However, it is too early to think about a reversal as not enough energy has been accumulated yet.
Denys SerhiichukIf the bar closes around the current prices, sideways trading in the area of $0.011-$0.013 is the more likely scenario.
From the midterm point of view, the picture is quite similar. If the growth continues until the end of the week, traders may witness a test of the interim level of $0.014 soon.
NOT is trading at $0.0119 at press time.
Alex Dovbnya
Vladislav Sopov
Dan Burgin
U.Today Editorial Team