{"id":572857,"date":"2024-09-04T14:40:37","date_gmt":"2024-09-04T14:40:37","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=572857"},"modified":"2024-09-04T14:40:37","modified_gmt":"2024-09-04T14:40:37","slug":"notcoin-price-prediction-not-tops-losers-with-11-plunge-but-this-p2e-shib-derivative-has-blasted-past-1-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/notcoin-price-prediction-not-tops-losers-with-11-plunge-but-this-p2e-shib-derivative-has-blasted-past-1-million","title":{"rendered":"Notcoin Price Prediction: NOT Tops Losers With 11% Plunge, But This P2E SHIB Derivative Has Blasted Past $1 Million"},"content":{"rendered":"

The Notcoin price has plunged 11% in the last 24 hours to trade at $0.008782<\/a> as of 7:30 a.m. EST on a 12% surge in trading volume to $154 million.<\/p>\n

This positions Notcoin as the biggest loser among the top 100 cryptocurrencies by market capitalization, according to CoinMarketCap.<\/p>\n

Notcoin Price Faces Resistance Within A Bearish Channel<\/h2>\n

The NOT\/USD daily chart shows a clear downtrend as the price moves within a well-defined bearish channel. This channel is characterized by consistent lower highs and lower lows, indicating sustained selling pressure.<\/p>\n

The price is currently trading near the lower boundary of the channel, which aligns with a significant support zone around $0.00700 to $0.00750. This support zone has been tested multiple times, suggesting strong buyer interest at this level.<\/p>\n

\"Notcoin<\/p>\n

NOTUSD Analysis Source: Dextools.io<\/a><\/p>\n

The 50-period Simple Moving Average (SMA), currently around $0.01153, and the 200-period SMA, are both trending downward, confirming the overall bearish sentiment in the market.<\/p>\n

The price remains below these moving averages, highlighting that bears are still in control, and the 50 SMA is acting as a dynamic resistance level.<\/p>\n

The Moving Average Convergence Divergence (MACD) indicator shows bearish momentum, with both the MACD line and signal line below the zero line.<\/p>\n

However, the decreasing negative histogram bars suggest that bearish momentum might be weakening, potentially signaling a reversal or at least a temporary pause in the downtrend.<\/p>\n

The Relative Strength Index (RSI) is at 33.54, approaching the oversold territory, which typically occurs below 30.<\/p>\n

This indicates that the selling pressure may start to ease, and buyers might look for an opportunity to enter the market.<\/p>\n

Notcoin Price May Rebound On The Support Zone<\/h2>\n

If the support zone between $0.00700 and $0.00750 holds, the price could see a rebound toward the upper boundary of the bearish channel.<\/p>\n

A successful breakout above the 50 SMA, currently around $0.01153, would be a strong bullish signal, potentially pushing the price toward the next resistance level near the $0.01500 target price, as indicated on the chart.<\/p>\n

However, if the price fails to hold the current support zone and breaks below $0.00700, the downtrend is likely to continue, possibly leading to new lows.<\/p>\n

Traders should watch for a break below this level as it would signal further bearish continuation.<\/p>\n

Could Shiba Shootout (SHIBASHOOT) Be The Next Crypto To Explode?<\/h2>\n

As NOT traders gear up for a possible rally, the Shiba Shootout (SHIBASHOOT)<\/a> ICO has stormed past $1 million in funds raised.<\/p>\n

According to crypto analyst and YouTuber Crypto Zeus, with over 78K subscribers, SHIBASHOOT may explode 100X after its launch.<\/p>\n