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The Notcoin price is 7% in the red on the weekly time frame following a minor 24-hour loss to trade at $0.001836 as of 10:40 p.m. EST as investors continue decreasing their exposure to the crypto.
Looking at the longer-term time frames shows the NOT price is also down 31% and over 87% on the monthly and yearly times frames, respectively, as well.
Notcoin Price In A Negative Channel, Can It Break Out?
Daily chart for NOT/USD (Source: GeckoTerminal)
The Notcoin price has traded in a negative channel over the last couple of weeks and is now attempting to break above the upper barrier of this channel, according to data from GeckoTerminal. Should the altcoin overcome this technical obstacle, it could end up flipping the resistance at $0.001896 into support and potentially rising to as high as $0.002319.
However, a rejection from the upper boundary of the descending channel might invalidate the bullish thesis. In this alternative, more bearish case, the Notcoin price could continue to trade within the negative range. Bears might subsequently push NOT down to the nearest support level at $0.001572.
Technicals Suggest The Notcoin Price Could Start To Rise, But Confirmation Needed
From a technical point of view, indicators on the daily chart such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are starting to show early bullish signs. However, traders do still appear slightly hesitant.
The MACD line has risen towards the MACD Signal line in the last few days. Now, the prior is attempting to break away above the latter. If the two lines do cross in the next 24-48 hours, traders might interpret the technical development as an indication that the Notcoin price has entered a positive trend.
Meanwhile, the RSI has risen from oversold territory to the high 30s. While this uptick suggests buying power is increasing, the current reading warns that sellers are still in control. The RSI line has also started to slope downward after the recent rise, which could be seen as a sign that bulls are not completely confident that they can push the Notcoin price up higher at the moment.
As traders wait to see if the Notcoin price will start climbing, investors are buying into the presale for a new meme coin called Snorter Token (SNORT). Analyst and crypto YouTuber Jacob Crypto Bury, who has over 56.8K subscribers, says the new crypto has the potential to soar 100X on launch.
Snorter Turns Telegram Into A Personalized Trading Dashboard
The crypto markets have been known to be dominated by crypto whales, who share their next moves in secretive groups often at the expense of smaller retail traders. However, there could soon very well be a major power shift in the markets due to Snorter Token’s new trading bot offering.
Unlike many of its competitors that require users to download and use browser-based tools, the Snorter Bot functions within Telegram. This means that users can snipe new tokens, perform sub-second swaps, copy other top traders and monitor their portfolios in real-time all from the popular messaging app.
On top of being fully integrated with Telegram, the bot also comes with competitively low fees. By simply holding SNORT, users’ fees are slashed to 0.85%. This is far lower than the average 1.5% fees charged by Snorter’s main competitors such as BonkBot, Trojan and Maestro.
In addition to that, Snorter Bot also comes with advanced rugpull and honeypot scam detection, as well as MEV bot protection for users.
Investors Pile Into SNORT’s Ongoing Presale
With everything the Snorter Bot has to offer, and the bullish SNORT predictions by experts like Jacob Crypto Bury, it’s easy to see why a buying frenzy has erupted around the meme coin’s ongoing presale. So far, investors have pumped more than $1.24 million into the ICO, signaling strong confidence in the project’s future.
Interested investors can participate in the presale by purchasing SNORT through the easy-to-use widget embedded on the project’s official website. Selling for $0.0961, SNORT can be bought with both crypto or bank card.
Tokens can also be locked up in the project’s presale staking pool for an attractive 264% APY. However, investors that want to secure the best presale deal will want to hurry, because SNORT’s price will undergo a series of ICO price hikes as the presale progresses. The next hike will happen in less than 8 hours.
Check out SNORT on its official website.
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