Notcoin (NOT) has been on a downward trend since June, with prices taking a significant hit. But recent events might signal a change for this Telegram-based cryptocurrency.

Recently, NOT experienced a 25% rally, which has sparked some optimism among traders. This upward movement could indicate a shift in sentiment, as excitement grows within the Notcoin community.

Over the past month, Notcoin’s funding rate has stayed positive. This shows that traders generally feel optimistic. Even with the price drop in October, traders held their ground, showing strong conviction. This resilience suggests that Notcoin supporters believe in a potential recovery, hinting at solid long-term backing from the community.

This ongoing optimism is a good sign for NOT’s future. The positive funding rate, combined with recent price activity, indicates that investors are confident in Notcoin’s ability to turn things around. If this positive sentiment continues, it could provide the stability needed for NOT to build on its recent gains and tackle resistance levels.

Notcoin’s overall momentum is starting to strengthen, backed by technical indicators like the Relative Strength Index (RSI). The RSI is gaining bullish momentum, which means buying interest is on the rise. However, for this growth to last, NOT needs to turn the neutral line at 50.0 on the RSI into a support level.

If NOT can achieve this support on the RSI, it would signal sustained bullish strength, encouraging more investor interest. To keep its recent rally going, this momentum must be maintained. Without a solid foundation, Notcoin may struggle to hold onto its current gains, highlighting the need for consistent growth indicators.

Today, Notcoin’s price surged by 25% during the intra-day high, bouncing back from a recent support level of $0.0057. This increase reflects growing buying pressure, and the altcoin is now looking to continue this momentum, hoping to reach higher targets.

The overall bullish sentiment in the market could help Notcoin's progress, as long as investors resist the urge to cash out too soon. If all goes well, NOT aims to flip the resistance at $0.0094 into a support level, solidifying its position and possibly enabling further gains.

However, Notcoin has had trouble closing above the $0.0083 resistance level in the past. If it fails again at this price point, it could lead to a pullback toward $0.0070. Dropping below this level would invalidate the current bullish outlook, potentially pushing NOT back to its recent support of $0.0057, signaling a return to the downtrend.