Although Notcoin (NOT) started strong following its launch, the price has resumed a bearish move. So far, it has fallen 50% from its June high of around $0.029.
It has also since then formed a descending channel pattern, which has formed support and resistance for its continuously dropping price.
New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!
Sponsored
Show more +Show less –
Read Also: Ethereum (ETH) Signals Bullish Breakout Against Bitcoin (BTC) – Is an Altseason Imminent?
The upper boundary of the channel serves as resistance, while the lower boundary is a support. The price has, as a consequence, also been forming lower highs and lower lows. T
Price Could Drop by 40%.
At the time of writing, the price has hit the upper resistance at $0.017 and is now going for the support (which is the lower band) to continue the downward pattern that started in June. If this pattern continues, then we could see up to 50%
The Relative Strength Index is currently at 50, which is also a sign that the police have much room to decline before it becomes overbought in case the fall continues.
Adding to the bearish outlook, the 50-day simple moving average is already acting as resistance for the price and could continue to push it down.
A decisive break above the top (upper boundary) of the channel at any time could invalidate this pattern. Such could be triggered by some news, on-chain metrics or positive market sentiment. However, for now, price action suggests that the price of Notcoin could drop sharply.
Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?Get all our future calls by joining our FREE Telegram group.
Check $RECQ Meme Coin Sponsored: Invest Responsibly, Do Your Own Research. Buy RECQ Today Serves as the base currency for all transactions within the Rebel Satoshi platform ICO stage, offering tokens at a discounted price Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
The post Notcoin (NOT) Dims After Bright Beginning: Loses 50% in 6 Weeks: More Price Drop Incoming appeared first on CaptainAltcoin.
