Notcoin currently ranks 55th among cryptocurrencies with a market capitalization of $1.95 billion, according to cryptonews.com. The circulating supply is 102 billion NOT coins.
As traders seek insights into Notcoin’s future direction, focus turns to key technical indicators and support and resistance levels that could influence its price predictions.
Can Notcoin manage to recover, or will it continue its downward trend?
Notcoin Price Prediction
Notcoin (NOT) was earlier trading at $0.01883. It recently completed a 50% Fibonacci retracement at the $0.0170 level, an important technical indicator.
The Fibonacci Retracement tool helps identify potential reversal levels by measuring an asset's peak and trough movements.
In this case, a doji candlestick forming at the 50% retracement level indicates indecision in the market and could be a buying opportunity.
Immediate resistance for Notcoin is at $0.01895, where the 50-day exponential moving average (EMA) is also located.
This means that without significant buying pressure, prices may struggle to break above this level.
If Notcoin can break above this resistance, the next levels to watch are $0.01998 and $0.02361. On the downside, immediate support is seen at $0.01703, with additional support at $0.01408 and $0.01194, which could serve as potential buying areas if the price declines.
The relative strength index (RSI) currently stands at 43.37. RSI is a momentum indicator that measures the speed and variability of price movements, indicating whether an asset is overbought or oversold.
An RSI below 50 generally indicates a neutral market, but tends to be oversold, which may favor buyers.
All in all, Notcoin’s current technical outlook suggests buying above $0.01700, with possible upside if the price breaks the $0.01895 resistance.
New coins with the potential for big summer gains
Solana remains a strong contender among the major coins, but it’s not the only one with a potential for big gains. Various new meme tokens are gaining momentum in presales, with one of the most promising being Sealana (SEAL), a Solana-based meme token that has so far raised over $3 million.
Sealana adopts a gun-toting, pro-Trump seal as its mascot and aims to be the next popular Solana-based meme coin.
The project has managed to attract a lot of attention and its official X account currently has over 8,000 followers. This growing online community is an important indicator of future support and potential post-launch revenue.
Interestingly, Sealana also launched an Ethereum version of its token, enhancing its suitability across the two largest layer-1 networks. Investors can participate in the pre-sale through the official Sealana website, with the price of 1 SEAL starting at $0.022.
This price is expected to rise significantly once the token is listed on the exchange, potentially making it one of the best-performing newly launched tokens this year.
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Original article: https://cn.cryptonews.com/news/notcoin-price-prediction-could-this-worldwide-viral-coin-reach-1.htm
