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The Notcoin price has plunged 32% in the past month and more than 2% in the last 24 hours to trade at $0.008782 as of 6:50 a.m. EST following a 1.74% drop in trading volume to $384 million.
The NOT price has been struggling since its launch as many airdrop recipients sell off their tokens, driving the crypto’s price down.
Notcoin Price Faces Resistance Within A Bearish Channel
The Notcoin price chart shows a bearish trend, with the price currently trading around $0.008885 within a descending channel. This channel, marked by lower highs and lower lows, indicates continued downward pressure.
NOT is also approaching a support zone around the $0.0085 level, where buying interest has previously emerged. If enough buying momentum develops, this support zone could serve as a potential base for a reversal.
NOTUSD Analysis Source: Dextools.io
The Moving Averages also reflect a bearish sentiment. The 50-day Simple Moving Average (SMA) is at $0.01244839, which is well above the current price. This suggests that the medium-term trend remains negative.
Notcoin Price Indicators Indicate Further Downside Movement
The Relative Strength Index (RSI) is at 36.84, indicating that the asset is nearing oversold territory. However, it is not yet at an extreme level, leaving room for further downside movement.
Meanwhile, the Moving Average Convergence Divergence (MACD) line at $0.00010370 is below the signal line at $0.000077562. Both are in negative territory, confirming the bearish momentum. However, the narrowing histogram bars indicate that this momentum may be weakening.
If the price breaks out of the descending channel, the Notcoin price could target $0.015. This target aligns with the channel’s upper boundary, presenting a possible reward opportunity should a bullish reversal occur.
Traders should look for a breakout above $0.0124 (near the 50-day SMA), or a strong bounce from the support zone around $0.008512, to signal a trend change while using indicators like RSI and MACD for additional confirmation.
This GambleFi Crypto Could Be The Next To Explode
As Notcoin’s price continues its downtrend, investors are shifting their focus to the GambleFi token MegaDice (DICE), which has already secured over $1.7 million in early funding.
According to crypto analyst and Youtuber TodayTrader, DICE could deliver 100X returns, particularly with its upcoming DEX launch poised to boost its value significantly.
Mega Dice has emerged as one of the most popular crypto-focused online casino and betting platforms. It offers players access to over 4,500 games, including favorites like slots, blackjack, roulette, and an extensive sportsbook. Now, the Mega Dice team aims to enhance its platform by launching its own Solana-based token, DICE.
DICE will serve as a utility token within the Mega Dice ecosystem. Token holders will have the opportunity to earn rewards in the form of the DICE token and gain exclusive access to games and betting options that are not available to non-token holders.
🚀 $DICE is landing on Solana! 🎲
Get ready for exclusive benefits, retroactively and with every wager. 🌟
The ultimate casino token experience is coming. Stay tuned for updates through our official channels: Telegram & X.#Solana $DICE 🎰 pic.twitter.com/eDuMR3DH0e
— Mega Dice Casino (@megadice) April 3, 2024
Investors will also have the opportunity to stake DICE to earn a share of the platform’s revenue. As more players join the platform, those who stake their tokens could see their earnings grow.
With Mega Dice already having 10,000 active monthly users, DICE investors who lock in their tokens are likely to benefit from substantial daily rewards right from the beginning.
Another factor driving investor interest in DICE since its presale launch is the early bird bonuses available to those purchasing DICE during the current ICO phase.
Investors can buy DICE at a rate of $0.110529 through the official website’s buy widget. Selected holders will also receive limited edition NFTs that grant special privileges and rewards that can be traded on the market.
It’s important to act quickly, because the token’s price is set to increase in less than five days.
Buy DICE on the official website here using BNB, ETH or SOL.
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