๐ฑ๐2 Altcoins that can bring huge profits in 2024
1. Altcoins To Buy โ Notcoin ($NOT )
Notcoin has sustained a 120% increase in value in the last seven days but the last 24 hours have been intensely bearish, with declines reaching 12% during US business hours on Wednesday.
Before the correction, #NOT had surged to achieve a new all-time high of $0.02836. Investors who purchased the viral tap-to-earn meme coin at an all-time low of $0.004611 are up more than 300% on their initial investment.
Now, Notcoin has an uphill battle to prove to investors that it can hold its value. This will attract interest from traders who are likely to bet on the next breakout to a new all-time high.
However, the path of least resistance is strongly inclined downwards, especially with NOT price sliding below the 20-day Exponential Moving Average (EMA) in blue. Backing the bearish outlook is a vivid sell signal from the Moving Average Convergence Divergence (MACD) indicator.
Various key levels could play a role in the direction Notcoin price takes this week. A rebound from the 38.2% Fibonacci retracement level could quickly renew interest in the token and support a recovery to the peak and subsequently a new all-time high above $0.03.
#Floki has achieved a significant breakthrough after being overshadowed by other meme coins. Its technical, solid setup has instilled confidence among investors, driving a remarkable performance. Floki recorded a 13% surge over the past week, leveraging the memecoin craze to hit an all-time high of $0.0003462 on May 5.
If FLOKI surpasses $0.00033, it could face significant resistance at $0.00039, potentially breaking its longstanding pattern. Holding above this level might enable FLOKI to aim for a higher resistance at $0.0004, and if bullish momentum continues, it could reach $0.0005.
Conversely, if FLOKIโs price falls below $0.00032, it may drop to the descending support trendline at $0.00031. A bearish market could push FLOKI lower, targeting a support level of $0.0003.
