$NOT Price Prediction: NOT Plunges 9% - Inside Bitcoins Analytics
Notcoin (NOT) fell 9% in the last 24 hours to $0.008470, with trading volumes dropping 41% to $349 million. The decline follows Pavel Durovâs arrest and mirrors the 20% plunge in Toncoin, a crypto asset linked to Telegram. Notcoinâs integration with the messaging app has also been impacted.
The price of Notcoin has been in a descending channel since Durov's arrest, falling from $0.0125 resistance. However, it found support at $0.008081 and is moving towards the upper boundary of the falling pattern. The asset remains below the 50 and 200 Simple Moving Averages (SMA) on the hourly chart.
The Relative Strength Index (RSI) is at 42, indicating equilibrium. If Notcoin's price continues to rise, it could reach $0.0120. Conversely, if bearish pressure prevails, it might drop back to the support level around $0.0080.
