Update:⏳🔥🔥🔥🚀
Bears are dominating the market, but there are signs of a potential rebound.
The Notecoin has dropped by 14% this week, 👇
and it is now only 19.4% above its all-time low. Exchange flows are up (+6.5% over the past week),
indicating selling pressure, yet large investors are still net buyers, suggesting potential support if conditions align.
Technically, the four-hour chart shows bearish crossovers, indicating downward momentum and the risk of testing the level of $0.0018 or lower. However, the bullish divergence in the Chaikin Money Flow (CMF) suggests a potential easing of selling pressure. To achieve a significant rebound to the range of $0.0019-$0.0020, the CMF needs to surpass the zero level concurrently with net outflows from exchanges and continued buying by large investors. Currently, sellers are dominating the Notecoin market, keeping it under pressure, but whale activity and divergence in global stock markets provide a glimmer of hope for recovery. Please like and follow to stay updated with everything new 🚀
