Notcoin Holders Bet on This $0.008325 Meme Coin
The leading Telegram crypto, Notcoin, continues to slide in the charts as Tap-2-Earn fever gives way to a NOT price sell-off.
Meanwhile, another unlikely meme coin is quickly capturing the attention of the Notcoin community. So, what exactly is driving this shift in focus?
This article will provide an analysis of NOT’s current price trends and look to see whether an innovative new meme coin, Pepe Unchained, represents a more promising investment opportunity at this time.
$NOT update
IMO it is irregular flat
C Wave can be both normal or extended#notusdt #notcoin https://t.co/ZuoLtnixJF pic.twitter.com/dD48lKE2qk
— Paulo Ricci (@pauloricci8kk) July 9, 2024
Downside bleeding, amid uninspiring price action, is dominating NOT price sentiment across Crypto X (formerly Twitter) this morning.
Some altcoin analysts are highlighting an Elliot Wave trend that could push NOT price down as low as $0.012.
Amid wider woes across the crypto market, Notcoin is currently trading at a market price of $0.015 (representing a 24-hour change of -2.99%).
This is a continuation of the bleed-out triggered by overhead resistance at $0.017, which has left price in a -9% drawback so far.
Critically, amid this downside turn, NOT price fell below the steady support of an ascendant 20DMA (which is now contributing to a ceiling of resistance at $0.016).
However, NOT holders are resilient, if anything, and this is displayed by the attempt at a consolidation above $0.015, even if analysts note this is irregularly flat.
This could suggest a growing strength, with holders aiming to trigger a bounce back above 20DMA resistance, and indeed, this isn’t an entirely unfounded view.
Looking at key indicators such as the RSI, the market has shifted into a bullish posture amid
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