What happens to the price?
Now the Notcoin price has stabilized around the $0.0161 level after a recent decline of 13.13%. Technical analysis shows that current support levels are at $0.015 and resistance is at $0.020. Breaking the resistance level can be a catalyst for growth, but this requires favorable market conditions and restoration of investor confidence.
Notcoin's price has been experiencing a prolonged decline recently, which is causing concern among many investors. Let's look at the key reasons for this trend and try to understand what to expect in the future.
First of all, I would like to note the general instability of the market. The latest sharp drop in the price of Bitcoin led to many altcoins following it.
Secondly, after a stunning growth to almost the level of 0.03, the price was obliged to begin to correct sooner or later. Thus, leaving behind large green candles, a lot of liquidity has accumulated in such places, which the market maker does not want to miss.
The photo above shows the author’s personal vision of the future price of Notcoin. This is not an exact prediction, but only a forecast that does not necessarily have to come true, but may act in the same or similar way.
What will happen after the possible achievement of 0.013?
Historically, this level is the strongest immediate support level. Considering that liquidity is being collected now, this level may be the target level for the market maker (but not the last).
If this level is reached, given the overall positive trend of Notcoin and despite the current decline, we can expect a rebound from this area and further growth. However, the market can always behave unexpectedly, and in this case we should expect a breakout of the level even lower or another consolidation.
View from the outside
As we know, and as simple as it may sound, the best time to buy an asset is when the community begins to doubt its future success, when people become afraid. It’s just that someone really doesn’t want to take ordinary people like us on board the rockets. Be patient and time will work in your favor.
In my opinion, the Notcoin project has a pretty promising future. Briefly I would like to note some green flags 🟩 of the project
- active community and its participation
- new initiatives
- the development team is not anonymous
- Pavel Durov speaks highly of Notcoin and has some apparently positive future plans for the coin
- new partnerships
- Notcoin has no owner, thus it is impossible to increase the total supply of Notcoin. On the contrary, its number will only decrease.
- first of its kind
Conclusion
Although the Notcoin price is currently experiencing a long-term decline, the outlook remains optimistic. A market recovery, increased interest in the coin, and active marketing efforts could be the factors that return the Notcoin price to an upward path. Investors should closely monitor news and market conditions to respond to changes in a timely manner and make informed decisions.
*This article contains the personal opinion of the author and evaluates various aspects of Notcoin. The author encourages you to make financial decisions on your own.
