Notcoin Price Prediction: NOT Plummets 35% In A Month As Investors Pivot To This Olympic-Themed Token For Its 472% APY
The Notcoin price dropped 3% in the last 24 hours and 35% in the last month to trade at $0.008156 as of 00:27 a.m. EST on trading volumes that surged 26% to $151 million.
The drop in the NOT price coincides with a decrease in Toncoin’s price during the same period, which was mainly elevated due to Pavel Durov’s arrest and congestion on the TON blockchain in the last week.
With the TON blockchain resuming normal operations, can the price of Notcoin recover?
Notcoin Price Set For A Breakout
According to data from GeckoTerminal , the Notcpoin price defied the bullish prospects suggested by a triple bottom pattern between Aug. 9 and Aug. 25, dropping from the $0.012 resistance zone just after Durov’s arrest.
In the last week, the price of Notcoin has been trading within a falling wedge pattern. NOT now also trades below both the 50 and 200 Simple Moving Averages (SMAs) on the 4-hour chart, which affirms the current bearish trend.
The Relative Strength Index (RSI) trades within the neutral zone as well. Currently at 45, the RSI show early signs of a potential rebound.
If the bulls buy more at this level, the price of Notcoin could rise, as buyers capitalize on the falling wedge pattern to stage a breakout. In this scenario, NOT could rise to $0.0105 (200 SMA).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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