{"id":558451,"date":"2024-07-30T08:14:41","date_gmt":"2024-07-30T08:14:41","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=558451"},"modified":"2024-07-30T08:14:41","modified_gmt":"2024-07-30T08:14:41","slug":"notcoin-price-plunges-12-in-a-week-as-experts-say-consider-this-p2e-doge-derivative-for-parabolic-gains","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/notcoin-price-plunges-12-in-a-week-as-experts-say-consider-this-p2e-doge-derivative-for-parabolic-gains","title":{"rendered":"Notcoin Price Plunges 12% In A Week As Experts Say Consider This P2E DOGE Derivative For Parabolic Gains"},"content":{"rendered":"

The Notcoin price plunged 6% in the last 24 hours and 12% in a week to trade at $0.01277<\/span><\/a> as of 00:34 a.m. EST on daily trading volume that surged 22% to $182 million.<\/p>\n

Notcoin Price On A Bearish Trend, Could The Bulls Stage A Trend Reversal?<\/h2>\n
\"Notcoin
Notcoin Price Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

From July 6, the Notcoin price rose dramatically from the $0.01002 support level to soar to the $0.01732 resistance, according to data from GeckoTerminal<\/span><\/a>.<\/p>\n

The price of Notcoin then went through a consolidation phase within this range to July 22. NOT then started tumbling and trading within the falling channel pattern within the last week.<\/p>\n

The correction within the channel has resulted in the token trading below both the 50-day and 200-day Simple Moving Averages (SMAs). The 200-day SMA is also crossing below the 50-day SMA, forming a death cross at $0.01448, further supporting the sustained bearish stance.
\nMoreover, the Relative Strength Index (RSI) shows that investors are actively selling, with the RSI dropping towards the 30-oversold level, currently at 38.<\/p>\n

If the selling continues, the RSI could drop below the 30-oversold level, which could translate to the price falling further to find support at $0.01165, which acts as a cushion against downward pressure.<\/p>\n

Conversely, with the RSI showing that the token is highly undervalued, this may create a chance for the buyers to start buying. In this scenario, the price of Notcoin could rebound above the channel, with $0.01389 and $0.01448 (50-day and 200-day SMAs) acting as the immediate resistance levels, as the bulls target $0.0170.<\/p>\n

As the Notcoin price bulls look for more buying positions, another P2E project, PlayDoge (PLAY)<\/a>, is full on bullish as it rockets past $5.8 million raised in its presale.<\/p>\n

PlayDoge Meme Coin Raises Over $5.8 Million – Best Meme Coin To Buy Now?<\/h2>\n

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.<\/p>\n

PlayDoge’s mobile game allows players to interact with a virtual Shiba Inu pet, inspired by the classic 90s Tamagotchi game. Besides enjoyment, players can earn rewards through its native token, $PLAY, depending on how well they care for their pets.<\/p>\n

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Stack $PLAY<\/a> and live life on easy mode 🌊 💰 <\/p>\n

Join the #Presale<\/a> 👇 https:\/\/t.co\/JT0VEofqf2<\/a> pic.twitter.com\/QVL6JOvjvd<\/a><\/p>\n

— PlayDoge (@PlayDogeGame) July 29, 2024<\/a><\/p><\/blockquote>\n