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The Notcoin price plunged 6% in the last 24 hours and 12% in a week to trade at $0.01277 as of 00:34 a.m. EST on daily trading volume that surged 22% to $182 million.
Notcoin Price On A Bearish Trend, Could The Bulls Stage A Trend Reversal?
From July 6, the Notcoin price rose dramatically from the $0.01002 support level to soar to the $0.01732 resistance, according to data from GeckoTerminal.
The price of Notcoin then went through a consolidation phase within this range to July 22. NOT then started tumbling and trading within the falling channel pattern within the last week.
The correction within the channel has resulted in the token trading below both the 50-day and 200-day Simple Moving Averages (SMAs). The 200-day SMA is also crossing below the 50-day SMA, forming a death cross at $0.01448, further supporting the sustained bearish stance.
Moreover, the Relative Strength Index (RSI) shows that investors are actively selling, with the RSI dropping towards the 30-oversold level, currently at 38.
If the selling continues, the RSI could drop below the 30-oversold level, which could translate to the price falling further to find support at $0.01165, which acts as a cushion against downward pressure.
Conversely, with the RSI showing that the token is highly undervalued, this may create a chance for the buyers to start buying. In this scenario, the price of Notcoin could rebound above the channel, with $0.01389 and $0.01448 (50-day and 200-day SMAs) acting as the immediate resistance levels, as the bulls target $0.0170.
As the Notcoin price bulls look for more buying positions, another P2E project, PlayDoge (PLAY), is full on bullish as it rockets past $5.8 million raised in its presale.
PlayDoge Meme Coin Raises Over $5.8 Million – Best Meme Coin To Buy Now?
PlayDoge is a mobile-based play-to-earn (P2E) game that transforms the DOGE meme into a Tamagotchi-style virtual pet, which allows users to earn $PLAY tokens.
PlayDoge’s mobile game allows players to interact with a virtual Shiba Inu pet, inspired by the classic 90s Tamagotchi game. Besides enjoyment, players can earn rewards through its native token, $PLAY, depending on how well they care for their pets.
Stack $PLAY and live life on easy mode 🌊 💰
Join the #Presale 👇 https://t.co/JT0VEofqf2 pic.twitter.com/QVL6JOvjvd
— PlayDoge (@PlayDogeGame) July 29, 2024
Apart from earning through P2E, token holders can also earn passively by staking $PLAY for an impressive 81% annual percentage yield (APY).
According to crypto analyst and YouTuber Jacob Bury, $PLAY could potentially surge 10X after its launch.
You can buy $PLAY tokens for $0.00524 each right now. With a price hike coming in about two days, don’t wait around too long if you want to lock in the best deal.
To join the presale, buy $PLAY from the official website here using BNB, USDT, or a bank card.
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