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The Notcoin price plunged over 7% in the last 24 hours but is still up more than 77% on the weekly timeframe to trade at $0.02117 as of 12:40 a.m. EST as some investors start to take profit.
The NOT price is still up more than 46% over the past 30 days.
The Notcoin Price Price Is Stuck In A Consolidation Phase
4-hour chart for NOT/USD (Source: GeckoTerminal)
The Notcoin price has been in a consolidation phase between $0.01954 and $0.02515 over the past couple of days. Traders attempted to pull NOT below the $0.01954 support, but bulls were able to prevent this from happening.
As a result, the crypto has rebounded off of the mark and might look to rise to the $0.02515 resistance. If traders decide to push the Notcoin price above this technical barrier, NOT could look to flip this level into support. This might then give the altcoin the foundation needed to potentially rise to a new all-time high in the short term.
On the other hand, NOT breaking below the $0.01954 support within the next 12 hours could invalidate the bullish thesis. In this alternative scenario, the Notcoin price might be at risk of falling to the next key support level at $0.01513. Continued sell pressure should NOT reach this point could lead to it plunging to as low as $0.01003.
Technicals Show That The Notcoin Price Could Go Either Way
Technical indicators on NOT’s 4-hour chart suggest that the crypto’s price could still go either way. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are currently neutral.
The RSI is just above 50, which indicates that the Notcoin price is neither overbought nor oversold. This has been the case for the past 24 hours, with the RSI barely showing any movement during this period.
Meanwhile, the MACD line is bearishly positioned below the MACD Signal line. However, the positive gradient of the MACD Histogram suggests that these two technical indicators could soon trigger a major bullish flag.
Traders will want to wait for the MACD line to cross above the MACD Signal line before considering a long entry for NOT. Anyone looking to short the altcoin might look to wait for the RSI to drop below 50 and the Notcoin price to break the $0.01954 support.
While the Notcoin price remains in consolidation, casino token Mega Dice (DICE) continues to make strides as its ICO charges towards $2 million.
A New Token With A Major Competitive Edge
Unlike other newly-launched cryptos attempting to make a name for themselves in the digital asset space, DICE is backed by a reputable and rapidly-growing crypto casino brand. As such, the crypto already has access to a wide pool of potential investors.
What’s more, Mega Dice platform users likely have a greater risk appetite than other investors and might see DICE as a good bet. DICE is, however, more than just a speculative play because the crypto will serve as a utility token within the growing casino platform
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There are a bunch of ways investors and DICE holders can start earning rewards. At this early stage, DICE tokens can be locked up in a staking pool that is funded mainly through the casino’s success.
Because Mega Dice already boasts 50k players globally and more than $50 million in monthly wagers, anyone who stakes their tokens could start earning lucrative daily rewards from the get-go.
There is also a massive $2.25 million airdrop campaign currently running. In addition to all of this, select DICE holders will receive limited edition NFTs that can be used to unlock special privileges and extra rewards.
Investors Bet Big On DICE
More than $1.4 million has already been sent to DICE’s ongoing ICO. This could be due to the substantial rewards being offered to anyone who purchases the crypto at this early stage.
Investors are not the only ones bullish on DICE. Crypto YouTuber Michael Wrubel shared in a recent video that he is bullish about the token given its wide-ranging utility within the Mega Dice platform and the project’s potential to capture a significant portion of the crypto gaming market.
There is still time for investors to buy DICE before its price increases in the subsequent stages of its ICO. Selling for $0.075, the crypto can be bought using either SOL, ETH or BNB.
Purchase DICE tokens on the official website here.
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