Notcoin Price Prediction: NOT Pumps 5%, But Investors Are Flocking To This 2.0 PEPE For Parabolic Gains
Release: 2024/08/28 18:49 Reading: 969
Notcoin Surges 5% as Investors Seek Altcoin Advantage
The Notcoin (NOT) price has spiked over 5% in the last 24 hours, reaching $0.007840 as of 6:13 a.m. EST. This surge appears to be driven by increased investor interest in the altcoin.
Despite this recent gain, NOT remains over 12% lower on a weekly basis. Its monthly performance is also negative, with a 32% decline over the past 30 days.
Key Support Holds Notcoin Price Steady
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4-hour chart for NOT/USD (Source: GeckoTerminal)
NOT is currently trading above a crucial support level at $0.007840. If this level breaks in the next 24 hours, the altcoin could potentially fall further to the next support mark of $0.006122.
However, if NOT maintains its position above $0.007840 for the next 24 hours, the bearish trend may weaken. In this scenario, traders may view it as a buying opportunity, potentially pushing the crypto higher towards resistances at $0.010092 and $0.012343.
Technical Indicators Suggest Bullish Momentum
Technical indicators point to a potential continuation of the bullish trend for NOT. The Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are both showing positive signs.
RSI readings have been rising in recent hours, indicating increasing buyer strength that could result in further price appreciation. The positive slope of the RSI line suggests that bulls are building momentum against bears.
Additionally, a bullish technical flag pattern is emerging on the MACD indicator on the 4-hour chart. If the MACD line crosses above the MACD Signal line in the next 24 hours, it could signal the start of a short-term positive cycle for NOT.
Pepe Unchained (PEPU) Gains Attention
While NOT shows promising signs, investors are also showing interest in the layer-2 meme coin Pepe Unchained (PEPU). PEPU aims to address the high fees and slow transaction times associated with Ethereum-based cryptos.
By creating its own dedicated layer-2 network, PEPU will enable faster transactions and lower costs for investors. Notably, investors can seamlessly transfer value between the Pepe Unchained and Ethereum networks.
PEPU Presale Nears $11 Million Funding
Investors have contributed over $10.9 million to Pepe Unchained's ongoing presale, indicating strong confidence in the project. The presale is expected to reach $11 million soon, given the 183% bonus offered to early stakers.
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