{"id":571791,"date":"2024-09-02T08:04:02","date_gmt":"2024-09-02T08:04:02","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=571791"},"modified":"2024-09-02T08:04:02","modified_gmt":"2024-09-02T08:04:02","slug":"notcoin-price-prediction-not-plummets-35-in-a-month-as-investors-pivot-to-this-olympic-themed-token-for-its-472-apy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/notcoin-price-prediction-not-plummets-35-in-a-month-as-investors-pivot-to-this-olympic-themed-token-for-its-472-apy","title":{"rendered":"Notcoin Price Prediction: NOT Plummets 35% In A Month As Investors Pivot To This Olympic-Themed Token For Its 472% APY"},"content":{"rendered":"

The Notcoin price dropped 3% in the last 24 hours and 35% in the last month <\/span>to trade at $0.008156<\/span><\/a> as of 00:27 a.m. EST on trading volumes that surged 26% to $151 million.<\/span><\/p>\n

The drop in the last month has greatly been affected by TON’s drop, which was mainly elevated due to Pavel Durov’s arrest and blockchain congestion in the last week.<\/span><\/p>\n

Furthermore, according to data from <\/span>IntoTheBlock<\/span><\/a>, sellers now have the upper hand, recording a 65% surge compared to investors who are now making money at the current price. <\/span><\/p>\n

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With the TON blockchain coming back to normalcy, can the price of Notcoin recover?<\/span><\/p>\n

Notcoin Price Set For A Breakout<\/h2>\n

According to data from <\/span>GeckoTerminal<\/span><\/a>, The Notcpoin price defied the bullish prospects set by the triple bottom pattern between August 9 and August 25, dropping from the $0.012 resistance zone just after Durov’s arrest.<\/span><\/p>\n

In the last week, the price of Notcoin has been trading within a falling wedge pattern.<\/span><\/p>\n

NOT now trades below both the 50-day and 200-day Simple Moving Averages (SMAs), which affirms the current bearish trend.<\/span><\/p>\n

The Relative Strength Index (RSI) now trades within the neutral zone, currently at 45 and showing signs of a likely rebound.<\/span><\/p>\n

If the bulls buy more at this level, the price of Notcoin could rebound, as the bulls capitalize on the falling wedge to stage a breakout. In this scenario, NOT could rebound, as the bulls currently target $0.0105 (200-day SMA).<\/span><\/p>\n

\"Notcoin
NOTUSD Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

However, if NOT breaks below the wedge, the price could drop further to the major support around $0.0077.<\/span><\/p>\n

Meanwhile, investors are capitalizing on the Olympics hype to buy the new meme project, <\/span>The Meme Games (MGMES)<\/span><\/a>, which has raised over $407K in its ongoing presale.<\/span><\/p>\n

99Bitcoins, a prominent crypto YouTube channel, says that $MGMES has the potential to soar 100X after its launch.<\/span><\/p>\n