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The Notcoin price rose by a fraction of a percentage in the last 24 hours and 7% in a week to trade at $0.01089 as of 00:35 a.m. EST on trading volume that skyrocketed 24% to $207 million.
Notcoin continues to rule the charts as the third biggest GameFi token by market capitalization, as IMX and FLOKI lead, according to Coingecko.
Notcoin Price Aims For A Continued Upward Trend
The Notcoin price was in a downward trend from July 24 to Aug. 5, dropping from the $0.016 resistance to the $0.0085 support, according to data from GeckoTerminal.
The bulls then used this support to push the token back up through a markup phase to the $0.01248 resistance. NOT has been fluctuating below this resistance but above the $0.01071 support zone as the price moves in a sideways pattern.
The price of Notcoin trades below both the 50 and 200 Simple Moving Averages (SMAs) as the bulls struggle to keep the price above $0.01125 (50 SMA).
Moreover, the Relative Strength Index (RSI) shows signs of a rebound around the current level at 43.
If the buying intensifies at this level, the price of Notcoin could rebound from within the support zone to soar over the upper boundary of the sideways pattern. The bulls are currently targeting prices above the $0.01476 resistance.
However, if the bears take control and breach the current support, NOT could plunge back to the $0.090, which acts as a cushion against downward pressure.
Meanwhile, other investors are betting big on another play-to-earn (P2E) token, PlayDoge (PLAY), as it garners over $6 million in its blockbuster presale.
According to 99Bitcoins, a prominent YouTube channel with over 706K subscribers, PLAY can potentially surge 10X after its launch.
PlayDoge Meme Coin Raises Over $6 Million – Best Meme Coin To Buy Now?
As a Dogecoin derivative, PLAY is a meme coin centered on the Shiba Inu dog breed, but the similarities end there.
PlayDoge is a mobile-based play-to-earn (P2E) game that transforms the DOGE meme into a Tamagotchi-style virtual pet, which allows users to earn PLAY tokens.
Which #Memecoin should be next? pic.twitter.com/tnbSFJp9P6
— PlayDoge (@PlayDogeGame) August 11, 2024
The project mixes 90s nostalgia with modern blockchain tech, which then allows users to care for an 8-bit pixel Doge in a retro-style mobile game. Players get to feed, play mini-games, and bond with their virtual pet, earning PLAY tokens in the process.
Apart from earning through P2E, token holders can also earn passively by staking PLAY for an impressive 77% annual percentage yield (APY).
You can buy PLAY tokens for $0.00528 each. With a price hike coming in less than 6 hours, don’t wait around too long if you want to lock in the best deal.
Purchase PLAY from its official website here using BNB, USDT, or a bank card.
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