LIVE### Notcoin's Value Soars 20% Amidst Market Downturn
Amid significant attention on the Tap-2-Earn crypto sector on Telegram, the Notcoin token (NOT) has surged by 20% in the past 24 hours, even as the broader cryptocurrency market faces a downturn. This article will examine NOT's recent price movements and compare them with PlayDoge, a new meme currency, to evaluate whether it presents a better investment opportunity.
Notcoin has emerged as a popular tap-2-earn cryptocurrency amidst the excitement surrounding Telegram-linked Toncoin (TON), which is anticipated to see gains in the second quarter (some are calling it "Toncoin Summer").
Currently trading at $0.02, Notcoin has seen a 19.2% increase in the last 24 hours, reflecting a return to a strong upward trend. This follows a rapid climb to a new all-time high of $0.03 on June 2, which was followed by a 50% retracement earlier this week.
Over the past week, Notcoin has successfully consolidated above the $0.017 support level, paving the way for the current bullish trend. Investors are now eyeing a run beyond the previous all-time high.
On June 12, the 20-day moving average (DMA) turned back into support, highlighting crucial support levels. Despite an overbought and slightly concerning relative strength index (RSI) of 61.3, indicating a need for price stabilization, the positive chart structure and strong fundamentals suggest a promising near-term outlook for Notcoin.
Notcoin's price could potentially rise another 32%, reaching support at $0.026 if it breaks through the local resistance at $0.021. However, a decline to the 20DMA support at $0.0184 (an approximate 8% drop) remains a downside risk.
@The Notcoin Official**