🔻 Notcoin Price Prediction: Reasons for Meme Coin's Sudden CrashThe meme coin, which surprised investors last week by more than 4x to $0.02836, is in the red as bulls scramble for support at $0.02.The most viral Crypto meme coin again in the red after a sharp rise since last week. Notcoin sellers are gradually paring a 302% two-week gain, leaving bulls gasping for air. The token is still supporting a 120% increase in value over the past seven days, but the past 24 hours have been intensely bearish, with the drop reaching 12% during US hours on Wednesday. Before the correction, it did NOT bounce, reaching a new all-time high of $0.02836. Investors who purchased the viral meme coin tap-to-earn at the lowest price of $0.004611 have grown more than 300% of their initial investment.

$NOT 🔸 Why is Notcoin Falling? Profit locking is one of the main factors of volatility in the market. Early investors are quickly cashing in to take profits, which they will likely distribute to Bitcoin and other popular altcoins. After last week's incredible rally, headwinds were expected. Notcoin now faces an uphill battle to prove to investors that it can retain its value. This will attract the interest of traders who are likely to bet on the next breakout to a new all-time high. Against the backdrop of volatility, the notecoin hovered at $0.02116. The technical structure points to a continuation of the decline in the coming sessions. Similarly, investors seem to have turned to more established meme coins, some of which jumped by double digits on June 5th. Floki has hit a new all-time high and is maintaining a 17% surge in the last 24 hours. 🔸 Could the bulls be fighting for a recovery? The path of least resistance is heavily tilted to the downside, especially with the price NOT sliding below the 20-day exponential moving average (EMA) in blue. Supporting the bearish forecast is a strong sell signal from the moving average convergence indicator (MACD).Rising red bars are another bearish sign to consider if you are going to trade NO.

$NOT #NOT #NotCoin