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The Notcoin price dropped over 2% in the last 24 hours, but is still up more than 145% on the weekly timeframe to trade at $0.0224 as of 12:05 a.m. EST as some investors take profits.
The 24-hour loss registered by the NOT price was also not enough to push the altcoin’s monthly performance into the red zone. As a result, the crypto is still up more than 54% in the last 30 days.
The Notcoin Price Got Rejected By Resistance
4-hour chart for NOT/USD (Source: GeckoTerminal)
The Notcoin price tried to break out of a consolidation channel between $0.01964 and $0.02474 in the last 24 hours. However, bears were able to quickly bring an end to the attempted escape. As such, NOT continues to trade in the sideways channel.
Sellers are still exerting pressure on the Notcoin price, which is now subsequently resting on the $0.01964 support. A break below this mark within the next 12 hours might expose the crypto to the risk of dropping further in the following 24 hours.
This could lead to NOT plunging to the next key support level at $0.01530. Continued sell pressure if the altcoin reaches this technical crutch might then see the Notcoin price plummet to as low as $0.01046 in the short term.
On the other hand, NOT maintaining a position above $0.01964 for the next 12 hours could invalidate the bearish thesis. In this alternative scenario, bulls might start to accumulate the crypto.
With this potential buy volume, the Notcoin price might attempt another challenge at the $0.02474 barrier. A 4-hour candle close above this threshold could then give NOT the technical foundation needed to continue climbing in the following couple of days.
Technicals Warn That The Notcoin Price Will Drop Soon
Technical indicators on NOT’s 4-hour chart suggest the crypto might drop in the next 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are showing bearish signs.
Firstly, the MACD line crossed below the MACD Signal line in the past 24 hours. Traders usually see this as a sign that a crypto has entered a negative cycle. What’s more, the MACD breaking away below the MACD Signal line warns of an increase in bearish momentum.
Meanwhile, the RSI has declined throughout the past day of trading as well. Although the RSI is still bullishly above 50, the gradual decrease in value warns that buyers are losing strength. Should the RSI continue to fall, bears might soon gain an advantage against bulls, and try to pull the Notcoin price down as a result.
As NOT tests key support, investors might turn their attention to new casino ICO Mega Dice (DICE) for potential 10X gains.
Backed By A Flourishing Crypto Casino
Unlike other newly-launched crypto tokens, Mega Dice already has exposure to a wide pool of potential investors. This is because the crypto is backed by a rapidly-growing crypto casino that boasts over 50k players from around the world who place over $50 million in monthly wagers.
Players on the platform are likely to be buyers of DICE and the token may appeal to all because of the substantial amount of rewards up for grabs to presale investors.
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Anyone who buys DICE at this early stage not only stands to profit from DICE’s potential speculative growth, but will also gain access to early bird bonuses.
Buyers are also able to lock up their tokens and earn based on the casino’s performance via its unique staking mechanism.
Select investors from the ICO will be sent limited edition NFTs as well, which can be used to unlock special privileges and rewards. There is also a $2.25 million airdrop campaign currently running.
Investors Are Rushing To Buy Dice
Investors are flocking to DICE’s presale to purchase the altcoin with more than $1.3 million raised.
DICE has caught the attention of crypto YouTuber Michael Wrubel. In a recent video, he revealed that he is bullish on the casino token.
There is still time for investors to purchase DICE during this ICO phase using the simple buy widget embedded on the project’s official website. Selling for $0.075, DICE can be bought using SOL, ETH or BNB.
Purchase DICE here to gain access to all of the rewards up for grabs.
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