Notcoin (CRYPTO:NOT), a Telegram-based tap-to-earn cryptocurrency, has recently experienced a decline, trading at $0.013 after a 27.17% decrease over the past month.

Despite this, technical analysis reveals a bullish divergence on the 4-hour chart, suggesting reduced selling pressure and potential for price recovery.

The Money Flow Index (MFI) indicates an oversold condition, currently at 63.31, despite a slight drop in price.

This divergence historically precedes price increases, with potential targets set at $0.016 in the short term.

However, resistance from the Ichimoku Cloud indicates challenges in sustained upward movement, with a bearish scenario potentially pushing prices down to $0.011 amidst declining Open Interest in derivatives markets.