Notcoin Price Prediction: NOT Plummets 10% As This New P2E DOGE Derivative Rockets Past $5 Million In Presale
Release: 2024/06/25 00:09 Reading: 641
Notcoin Price Analysis
The Notcoin (NOT) price has experienced a 10% drop in the past 24 hours, trading at $0.01351 at 7:30 a.m. EST, with a 25% surge in trading volume reaching $430 million.
Trend Analysis
NOT has faced resistance at $0.02627, leading to a corrective phase and the formation of a falling wedge pattern. This pattern typically indicates a potential reversal to a bullish trend.
Despite the downturn, bulls are maintaining support along the wedge's lower trendline. If they continue this momentum, NOT could reclaim its previous high of $0.02164.
Technical Indicators
- The price currently trades below the 50-day simple moving average (SMA).
- The relative strength index (RSI) has rebounded from oversold levels and is hovering around 45.
- The MACD indicator shows signs of a bullish turnaround, with the blue average line crossing above the orange signal line.
Price Prediction
Bulls aim to recover losses at the wedge's lower trendline. Surpassing 50 and 200 SMA could push the price to an all-time high of 0.02836.
However, failure to break through 200-day SMA could lead to a decline below the current support, targeting the next support zone at $0.008649.
Alternative Investment Opportunity
While Notcoin experiences a downturn, the PlayDoge (PLAY) meme coin gains momentum with its ongoing presale. PLAY offers a Play-to-Earn (P2E) mobile game that combines the DOGE meme with a Tamagotchi-style experience.
The project operates on the BNB Chain, enabling seamless gaming integrations. Token holders can also earn passively through staking, with an annual yield of 139%.
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