Notcoin price (NOT) shows signs of upward potential after a market downturn that caused its price to dive by 64% from its all-time high to around $0.00967. The token hints at a recovery as it is 0.1% up today, with NOT/USD trading at %0.01036. This comes as the project revealed that the NOT ecosystem wants to facilitate the development of Telegram and TON Games.
Through this partnership with Helika, Notcoin aims to speed up the development of Telegram and TON Games.#NOThttps://t.co/Bes7x1nMlQ
— Blockchain Reporter (@blockchainrptr) July 5, 2024
Moreover, Notcoin launched its airdrop recently, slightly boosting the token’s price. The project developers have revealed that Notcoin Explore has started promoting community-oriented projects to attract a motivated audience.
It is probably the most efficient way to introduce your app to the best crypto community ever.
Rewards goes to users who actively engage and explore your project. That’s the thing.
Launch with Notcoin:https://t.co/v0gC0CKGDO
— Notcoin (@thenotcoin) July 5, 2024
The team added that over 200 projects have been launched via the platform, and over 20 million users participated. Notcoin is a Telegram mini-application that lets people earn tokens by just tapping a button. Anyone with Telegram can use the app to earn tokens.
Notcoin Statistical Data
Based on Coinmarketcap data:
- NOT price now – $0.01036
- NOT market cap – $1.06 billion
- NOT total supply – 102.49 billion
- NOT circulating supply – 102.49 billion
- NOT ranking – #63
The Notcoin price suggests a potential upside after the market’s notable sell-off; however, the technical indicators suggest a bearish outlook.
The Relative Strength Index remains below the 50-mean level. Currently, it sits at 38, indicating a robust bearish stance. However, the momentum indicator has rebounded from the oversold territory. If the bulls exert some pressure as the RSI points towards the north, it might hurtle above the 50-mean level, invalidating the bearish thesis.
Moreover, the NOT price trades below the 50-day SMA and 200-day SMA, tilting the odds towards the bears. In this case, the $0.01297 and $0.01649 (50-day and 200-day SMAs) act as immediate resistance keys, reinforcing the bearish outlook in the market.
On the other hand, the MACD (Moving Average Convergence Divergence) is in the negative territory. However, despite the bearish stance, the MACD line has crossed above the signal line, suggesting that the short-term moving average rises faster than the long-term moving average. Most traders usually identify this technical occurrence as indicating that the token has entered a short-term positive cycle.
Notcoin Price Prediction: Will the Bulls Recover the Market?
In a 4-hour chart analysis, the Notcoin price trades with a bearish bias, tilting the odds in favor of the sellers. With the RSI and MACD indicators accentuating the outlook, the NOT price notably breached its support level at $0.0130. If the sellers exert pressure at this level, the NOT price could dwindle to its significant low recorded July 5 of around $0.00967.
In a dire case, the bulls seem to gain momentum, as they have found support at around $0.009772, hinting at a possible price recovery. The NOT bulls seem to be initiating a buyback campaign, which could push the price above the resistance keys. In such a scenario, the bulls might propel the NOT price above the lower trendline to around the $0.01296 resistance level. In a highly bullish case, the buyers might flip the 50-day SMA to support, targeting the $ 0.02217 mark, invalidating the bearish outlook.
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