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The Notcoin price plunged 7% in the last 24 hours to trade at $0.02236 as of 12:00 a.m. EST amid profit taking after the altcoin’s strong weekly performance.
Despite the 24-hour loss, the NOT price has soared 176% in the past 7 days.
The Notcoin Price Enters Consolidation
4-hour chart for NOT/USD (Source: GeckoTerminal)
The Notcoin price broke out of a positive channel that emerged on its 4-hour chart over the past 24 hours. After exiting this channel, the altcoin has entered into a consolidation period between $0.02060 and $0.02545.
If NOT is able to overcome the $0.02545 barrier within the next 24 hours, it might enter into a price discovery phase towards the upside. Traders could identify a 4-hour candle close higher than $0.02545 as a long entry, which might push the Notcoin price to a new all-time high.
However, a rejection from the $0.02545 barrier might invalidate the bullish thesis. In this alternative scenario, NOT could retest the $0.02060 support. A break below this technical crutch could then expose the crypto to the risk of falling to the subsequent support at $0.01525 in the following few days.
If the potential sell pressure persists, the Notcoin price might fall below $0.01525 and possibly reach as low as $0.00989.
Technicals Warn Of A Notcoin Price Drop
Technical indicators on NOT’s 4-hour chart are sending mixed signals. On one hand, the Relative Strength Index (RSI) suggests that buyers have the upper hand against sellers. Meanwhile, the Moving Average Convergence Divergence (MACD) warns that NOT’s positive momentum is losing steam.
The RSI on NOT’s 4-hour chart is above 50, which could signal the presence of bullish strength. However, a major bearish technical flag is on the verge of being triggered by the MACD. Over the past 24 hours, the MACD line has been collapsing towards the MACD Signal line, with the prior now looking to cross below the latter.
Traders might identify a cross between the MACD and MACD Signal line as a short entry, which could lead to a wave of sell pressure being exerted on the Notcoin price. As a result, NOT might end up testing the aforementioned $0.02060 support.
As Notcoin’s positive momentum stalls, traders are flocking to the GameFi sensation Mega Dice (DICE) as its presale surpasses $1.3 million in funds raised.
Giving Presale Investors More Than A Speculative Opportunity
Mega Dice is already a rapidly-growing crypto casino brand with more than 50k players across the globe. As part of an effort to expand its offering to players, the platform’s team is launching its own crypto token.
By holding DICE, investors not only stand to achieve potential speculative gains, but will also get access to lucrative rewards and bonuses available on the Mega Dice platform. This includes a competitive staking opportunity that is dependent on the casino’s success.
Since the online casino already boasts over 50k players and more than $50 million in monthly wagering, DICE investors who lock up their tokens stand the chance to start earning big from the get-go.
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Current tier price: 0.075 💰
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— Mega Dice Casino (@megadice) June 3, 2024
What’s more, limited edition NFTs will be distributed among select DICE holders. These digital assets can be used to unlock special privileges and rewards. Early bird bonuses will be given to anyone who buys DICE at this early stage as well. To top it all off, there is a massive $2.25 million airdrop campaign currently running.
Investors Bet Big On The Casino Token
With so many rewards up for grabs, it is easy to see why investors are rushing to buy DICE during its ongoing ICO phase. To date, more than $1.3 million has been sent to DICE’s presale, and investors continue to scoop up the altcoin.
DICE has also caught the attention of analysts, including Crypto YouTuber Michael Wrubel. In a recent video, he shared that he is bullish on DICE.
Anyone that wants to purchase DICE at this early stage can do so through the project’s official website using SOL, BNB, or ETH.
Purchase and stake DICE tokens here to get in on all of the rewards up for grabs.
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