NOT Crisis: The price of the coin hovers below $0.013, and a new wave of selling may be coming
Recently, the price trend of Notcoin has been quite turbulent. It has plummeted by more than 70% in just three months, but it seems to have found support this week and the price has recovered slightly. However, due to the sharp drop in purchase volume, its price rise has stagnated and it is at a critical decision period.
Looking back at the market adjustments in the past few months, the prices of most tokens have fallen back to lower levels, but the performance of NOT coin is relatively strong, and its trading price is still far above the issue price. In the previous decline, NOT coin hit a low of $0.0085, but then rebounded quickly.
Last Tuesday, the price of NOT coin rose to $0.0127, however, due to the reduction in market volatility, its price has been difficult to continue to climb and is currently stable at around $0.011.
Judging from the current trading level, the price of NOT coin is at risk of further decline, which may trigger the short-selling forces to act again. If NOT coin can rise above $0.013 on a weekly close, we can expect further price gains in the coming days. However, from a technical perspective, bearish forces are still likely to regain dominance.
As of now, Notcoin has a trading volume of over $137 million, but it has fallen by 2% in the past 24 hours. Although the trend of the gaming token is still weak on the daily chart, its price may fall further if the supply continues to increase.
For NOT coin investors, there are several key price levels to keep an eye on. In addition to last week's low of $0.0085, $0.00915 is also an important support level. Once these support levels are broken, the price may fall further to $0.0058 and $0.005.
If the price rises, the first target will be $0.0145, followed by $0.018. Higher resistance levels are located at $0.0217 and $0.0266.
In summary, the spot price of NOT coin is $0.0116, the overall trend is still biased downward, and the market volatility is low.
When making decisions, you should fully consider these key price levels and market trends.
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