Is Notcoin About to Crash? NOT Price Falls 6% From Peak as Buzz Grows for Another Meme Coin Listing
The $NOT meme coin powering the immensely popular new Telegram-based tap-to-earn game Notcoin has dipped 6% in the last hour in a possible hint that its nearly three-week long rally may be losing momentum.
For anyone that bought Notcoin ($NOT) any time between its launch on May 16 through to yesterday, the token has been immensely rewarding. In the last 24 hours alone it has grown 13%.
That’s a sizeable increase, but it’s nothing on the three-digit percentage gains posted week-on-week. Notcoin is 172% pricier than it was this time last week and a staggering 348% more valuable than its price exactly a fortnight ago.
Notcoin’s sudden downturn appears to exaggerate that of market leaders Bitcoin ($BTC) and Ethereum ($ETH), which both fell 0.5% in the last hour.
$NOT’s stratospheric launch was compounded by a recent announcement that players have until June 16 to claim their tokens. Claiming is done by withdrawing tokens from the app to a wallet.
Notcoin players will also soon be able to access the game’s ‘Levels’ and ‘Explore’ features.
The token’s 24 hour trading volume remains high at $2.265 billion, which is almost as large as its market cap of $2.535 billion—a figure that makes it already the 53rd largest cryptocurrency in circulation.
Over on the chart, NOT’s performance today confirms Sunday’s indications that the token may have found its first stubborn resistance level at $0.025, as indicated by the vertical red line.
A falling relative strength index (RSI) of 55 indicates a slight sell-off today, beginning at 7AM UTC. This will help consolidate NOT’s recent gains as it braces for potential further rallies ahead of the claim date.
The token’s current price is about $0.024 is slightly higher than its 30-day moving average,
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