Convergence

Notcoin

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Divergence

NOT is a popular telegram-based altcoin, that has seen significant price fluctuations over the past day despite its remarkable growth in the GameFi sector. Amid the current crypto volatility, Notcoin price prediction points to a dip below the $0.015. 
According to <a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/notcoin/">CoinMarketCap</a> data, trading activity remains robust, with a 24-hour trading volume of $222 million, a 15% decrease from the previous day.
<h2 id="strong-notcoin-price-prediction-how-low-can-not-go-strong">Notcoin Price Prediction: How Low Can NOT Go?</h2>
Over the past 24 hours, Notcoin has been trading in a narrow range, indicating a low of $0.01397 and a high of $0.01539. This tight fluctuation points to a period of uncertainty where it faces stiff resistance and support levels.
Over the past week, the <a href="https://coingape.com/glossary/cryptocurrency/" rel="noopener noreferrer nofollow">cryptocurrency</a> market has seen mixed trends, with Notcoin trading in a descending trend. Notcoin price prediction reveals that after experiencing a notable surge and hitting a weekly high of $0.018 on 20th July, the Notcoin price has declined steeply. The price chart shows a sharp decline, marking a 16% decrease over the week.
<figure id="attachment_209098" aria-describedby="caption-attachment-209098" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-209098" src="https://coingape.com/wp-content/uploads/2024/07/NOTUSDT_2024-07-23_20-58-12.png" alt="Notcoin Price Prediction: Is Now the Time to Buy the Dip?" width="1154" height="588" srcset="https://coingape.com/wp-content/uploads/2024/07/NOTUSDT_2024-07-23_20-58-12.png 1154w, https://coingape.com/wp-content/uploads/2024/07/NOTUSDT_2024-07-23_20-58-12-300x153.png 300w, https://coingape.com/wp-content/uploads/2024/07/NOTUSDT_2024-07-23_20-58-12-768x391.png 768w, https://coingape.com/wp-content/uploads/2024/07/NOTUSDT_2024-07-23_20-58-12-150x76.png 150w" sizes="(max-width: 1154px) 100vw, 1154px">
 <figcaption id="caption-attachment-209098" class="wp-caption-text">
 Notcoin Price chart
 </figcaption>
</figure>
A notable bearish trend has emerged, casting a shadow over the cryptocurrency’s recent performance. Despite a slight uptick in trading volume, which saw a 0.38% increase, reaching $908.26 million, the overall market sentiment remains pessimistic due to a significant decline in open interest.
According to <a rel="noopener noreferrer nofollow" href="https://www.coinglass.com/currencies/NOT">Coinglass</a>, open interest for Notcoin has plummeted by 14%, now at $142 million. This sharp decline indicates that traders are closing out their positions, potentially signaling a lack of confidence in the coin’s near-term prospects.
<h2 id="strong-can-not-overcome-the-0-015-barrier-soon-strong">Can NOT Overcome the $0.015 Barrier Soon?</h2>
Notcoin price prediction shows a notable decline as it maneuvers through a tough bear market. If this trend continues, Notcoin will likely stabilize at $0.013. A worsening market sentiment could further reduce its value to $0.01, showcasing a stronger bearish trend. A continued decline might bring it down to $0.009.
Conversely, rising optimism among investors could herald a bullish turn. Such a shift in sentiment might cause Notcoin to break past the $0.015 resistance. Following this bullish trajectory, the digital currency could reach $0.02 and aim for $0.05 in upcoming developments.
<h2 id="strong-technical-indicators-show-continued-downward-momentum-strong">Technical Indicators Show Continued Downward Momentum</h2>
The 4-hour <a href="https://coingape.com/best-indicators-for-crypto-trading/" rel="noopener noreferrer nofollow">technical indicators</a> for Notcoin illustrate a mixed sentiment in its recent trading sessions. The Relative Strength Index (RSI) has dipped below the neutral 50 line, resting at approximately 31.15, an oversold condition and potentially a bearish sentiment in the market.&nbsp;
<figure id="attachment_209097" aria-describedby="caption-attachment-209097" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-209097" src="https://coingape.com/wp-content/uploads/2024/07/NOTUSDT_2024-07-23_20-31-11.png" alt="Notcoin Price Prediction: Is Now the Time to Buy the Dip?" width="1154" height="588" srcset="https://coingape.com/wp-content/uploads/2024/07/NOTUSDT_2024-07-23_20-31-11.png 1154w, https://coingape.com/wp-content/uploads/2024/07/NOTUSDT_2024-07-23_20-31-11-300x153.png 300w, https://coingape.com/wp-content/uploads/2024/07/NOTUSDT_2024-07-23_20-31-11-768x391.png 768w, https://coingape.com/wp-content/uploads/2024/07/NOTUSDT_2024-07-23_20-31-11-150x76.png 150w" sizes="(max-width: 1154px) 100vw, 1154px">
 <figcaption id="caption-attachment-209097" class="wp-caption-text">
 Notcoin Price chart| Source: <a rel="noopener noreferrer nofollow" href="https://www.tradingview.com/x/TFX0SdiV/">TradingView</a>
 </figcaption>
</figure>
The Moving Average Convergence Divergence (<a href="https://coingape.com/glossary/macd-moving-average-convergence-divergnece/" rel="noopener noreferrer nofollow">MACD</a>) also shows a bearish signal. The MACD line crossing below the signal line suggests that downward momentum will likely continue.&nbsp;
The Awesome Oscillator (AO) transitioned from a positive surge to a decreasing trend, indicating a potential loss in upward momentum. The Average Directional Index (ADX) stood at 29.06, suggesting that the market was experiencing a moderately strong trend during the earlier price rise, which has since weakened.
The post <a href="https://coingape.com/markets/notcoin-price-prediction-should-you-buy-the-dip/" rel="noopener noreferrer nofollow">Notcoin Price Prediction: Should You Buy the Dip?</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Notcoin Price Prediction: Should You Buy the Dip?

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