Notcoin Price Prediction: NOT Plummets 10% As This New P2E DOGE Derivative Rockets Past $5 Million In Presale

Notcoin Price Analysis

Over the last 24 hours, Notcoin's (NOT) value has declined by 10% to $0.01351. This drop coincides with a surge in trading volume of 25%, reaching $430 million.

Bullish Momentum Indicators

Despite the downturn, bullish signs emerge from the falling wedge pattern, indicating a potential shift to an upward trend. The bulls have defended against further losses, establishing support at the wedge's lower trendline.

Technical Indicators

The 50-day Simple Moving Average (SMA) currently trades above the current price. If the price rebounds from the wedge's lower trendline, it could rise above the 200 SMA, strengthening bullish momentum.

The Relative Strength Index (RSI) has rebounded from oversold levels, hovering around the 50 midline. Sustained buying pressure could push the price into the overbought zone.

The MACD indicator suggests a potential bullish turnaround. The blue average line has crossed above the orange signal line, and the histogram is slightly positive.

Price Prediction

Bulls aim to regain losses at the wedge's lower trendline. Surpassing 50 and 200 SMA could propel the price to a new high of $0.02836. However, failure to break through 200-day SMA could result in a correction to the support zone at $0.008649.

Alternative Investment

Amidst Notcoin's decline, PlayDoge (PLAY), a P2E DOGE meme coin, has gained momentum. Its presale has raised over $5 million, offering a mobile-based game that turns the DOGE meme into a virtual pet. Players can earn $PLAY tokens through gameplay.

PlayDoge operates on the BNB Chain, ensuring efficient transactions. Token holders can also stake for a 139% annual yield. CryptoNews predicts a potential 100x surge in the token's value after its launch.