Notcoin Price Prediction: Meme Coin Sees Sudden Decline
Notcoin, the viral meme coin that surged over 4x to $0.02836 last week, is currently experiencing a sharp decline, with bulls struggling to maintain support at $0.02. Despite a 120% increase in value over the past week, the token has fallen 12% in the last 24 hours, with early investors cashing out profits, leading to market instability.
The downturn is attributed to profit-taking, with investors distributing gains to established altcoins like Bitcoin. Notcoin now faces an uphill battle to prove its value, attracting traders betting on a potential breakout. The technical structure suggests a continued downtrend, with the price hovering at $0.02116. The MACD indicator shows a vivid sell signal, and the path of least resistance is strongly inclined downwards.
While established meme coins like Floki have seen double-digit surges, Notcoin's recovery depends on bulls fighting to secure support and reverse the bearish trend.
