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The Notcoin price dropped 3% in the last 24 hours and 35% in the last month to trade at $0.008156 as of 00:27 a.m. EST on trading volumes that surged 26% to $151 million.
The drop in the NOT price coincides with a decrease in Toncoin’s price during the same period, which was mainly elevated due to Pavel Durov’s arrest and congestion on the TON blockchain in the last week.
With the TON blockchain resuming normal operations, can the price of Notcoin recover?
Notcoin Price Set For A Breakout
According to data from GeckoTerminal, the Notcpoin price defied the bullish prospects suggested by a triple bottom pattern between Aug. 9 and Aug. 25, dropping from the $0.012 resistance zone just after Durov’s arrest.
In the last week, the price of Notcoin has been trading within a falling wedge pattern. NOT now also trades below both the 50 and 200 Simple Moving Averages (SMAs) on the 4-hour chart, which affirms the current bearish trend.
The Relative Strength Index (RSI) trades within the neutral zone as well. Currently at 45, the RSI show early signs of a potential rebound.
If the bulls buy more at this level, the price of Notcoin could rise, as buyers capitalize on the falling wedge pattern to stage a breakout. In this scenario, NOT could rise to $0.0105 (200 SMA).
However, if NOT breaks below the wedge, the price could drop further to the major support around $0.0077.
Meanwhile, investors are capitalizing on the hype around the Paralympics by buying the new meme coin The Meme Games (MGMES), which has raised over $407K so far though its ongoing presale.
An analyst from the prominent 99Bitcoins YouTube channel says that MGMES has the potential to soar 100X after its launch.
The Meme Games Presale Amasses Over 407K – Best Meme Coin To Buy Now?
The͏ M͏eme Games ͏i͏s ͏revoluti͏onizi͏ng the meme coin sp͏ace ͏with its un͏i͏que gamified a͏ppro͏ach. It b͏rings t͏ogether ͏po͏pular crypto͏ meme͏ co͏in charac͏t͏ers i͏n an Olympic-s͏tyle͏ c͏ompet͏i͏tion͏. The ͏M͏GMES t͏o͏ken is a ticket to glory͏ in ͏this exciting crypto event.
The project introduces an exhilarating fusion of the competitive spirit of the Olympics and the vibrant, fun-filled ecosystem of meme coins.
CRYPTO BREAKING NEWS
The Meme Games raises over $100K on opening day of presale. The Meme Games presale raises over $100K in its first 24 hours, capturing attention in the booming memecoin sector. #partnercontent check us out @ https://t.co/8dh137buUp pic.twitter.com/YwzyP2glE4— InnovatekMobile (@Neome_com) July 17, 2024
With The Meme Games, investors support a meme character of their choice to compete in the blockchain version of the Olympics. Their wins will earn their backers a 25% bonus.
͏Gamif͏ic͏ation s͏ets The Meme G͏ames apart fro͏m othe͏r meme coi͏ns͏ in the crypto space. ͏In͏tegrating͏ elements ͏of comp͏etition͏, chanc͏e, and reward creates an ͏e͏ngagi͏n͏g e͏xper͏ience. Participants actively ͏play a g͏ame with every presale purchase where e͏very ͏decision can lead to͏ gre͏ater͏ rew͏ar͏ds.
As a token holder, you also have a chance of earning passively through the project’s staking mechanism. All you have to do is buy and stake MGMES for an annual percentage yield (APY) of 472%.
You can buy MGMES tokens now for $0.0094 each. With a price hike coming in about one day, buy soon to lock in the best deal.
To join the presale, buy MGMES from the official website here using ETH, BNB, USDT, or a bank card. Buy now to win a 25% bonus on your investment.
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