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The Notcoin price soared 2% in the last 24 hours to trade at $0.01520 as of 04:02 a.m. EST on trading volume that skyrocketed 22% to $1.1 billion.
The NOT price defied the crypto crash with the overall market down 2% to trade at a market capitalization of $2.05 trillion market. The meme coin sector plummeted almost 6% to about $44.3 billion.
Notcoin Price To Continue Its Surge Over The Bullish Pennant Pattern
The Notcoin price has been on a downtrend since mid-June, with the token dropping to the $0.010 support level, according to data from GeckoTerminal. In the last two days, NOT defied the bearish trend to rise through a markup phase to the $0.0159 resistance zone.
NOT has been trading within this range, with the price fluctuating within a bullish pennant pattern, with the bulls aiming to push the price above the resistance level.
The NOT price trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), with the 50-day SMA proving the immediate support level at $0.01362.
Moreover, the Relative Strength Index (RSI) is trading above the 50-midline level, currently hurling towards the 70-overbought region. With the RSI trading within the 50 level, currently at 58, it shows that NOT is currently in equilibrium, as the bulls prepare for a bullish stance.
Notcoin Price Prediction
According to Notcoin’s price analysis on the 1-hour chart, the bulls could capitalize on the bullish pennant pattern to keep pushing the token up. The RSI also shows that the price of Notcoin is coming from an equilibrium phase.
The 50-day SMA is also crossing above the 200-day SMA, which forms a golden cross at $0.01278.
If the bulls buy more to rally the price, NOT could soar over the pennant, with investors targeting $0.01841.
However, with the token being up 14% in the last 14 days, sellers may start booking profits, which may result in the price of Notcoin dropping to the immediate support levels around $0.01362 and $0.01288 (50-day and 200-day SMAs).
As the Notcoin bulls aim to push the token higher, play-to-earn (P2E) meme coin enthusiasts are buying a new Doge derivative ICO called PlayDoge (PLAY).
According to Jacob Bury, a prominent crypto analyst on YouTube, $PLAY has the potential to soar 10X after its launch.
PlayDoge ICO Presale Hurtles Past $5.4 Million – Best Alternative To Buy Now?
PlayDoge has already blasted past $5.4 million in funds raised and it launched less than three weeks ago.
PlayDoge combines the iconic Doge meme with the beloved Tamagotchi game from the 90s, creating a fun virtual gaming experience where players play to earn the game’s native token, $PLAY.
Don’t ghost your #Doge or it’ll die 👻
Feed your Doge, earn rewards, and level up. No mazes, just fun!#Presale has launched! 🙌#PlayDoge #P2E #Memecoin pic.twitter.com/Fp2sFwycpj
— PlayDoge (@PlayDogeGame) May 31, 2024
With PlayDoge integrating P2E mechanics, players will be able to earn rewards by caring for their pets and taking them on adventurous journeys.
The project operates on the BNB Chain, which ensures transaction efficiency and the seamless integration of gaming activities.
Apart from earning rewards through P2E, $PLAY holders can also earn passively by staking $PLAY for an impressive annual percentage yield (APY) of 104%.
You can buy $PLAY tokens for $0.00516 each. With a price hike coming in less than 1 hour, buy quickly 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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