Notcoin price jumps 21% but technical signs warn of a possible bull trap ahead.

Notcoin (NOT) surged over 21% recently, breaking an 89-day trading range, but key indicators suggest caution. Despite strong buying pressure, the Accumulation/Distribution indicator remains negative, and the RSI shows overbought conditions, signaling potential buyer exhaustion. Perpetual market data reveals bearish positioning with negative funding rates and balanced liquidation losses between shorts and longs, indicating weakening confidence among buyers. Spot traders have bought $427,000 worth of NOT, risking exposure if the rally reverses, while shorts face liquidation risk if momentum continues upward.