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Notcoin’s Rollercoaster Ride: 87% Surge Followed by a Drop

NOT COIN Notcoin
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Notcoin started the week with green candles, experiencing a very eventful weekend. From Friday to Sunday, the token saw a remarkable 87.81% rise, with its price jumping from $0.00912 to $0.1699.

However, at this peak, Notcoin faced resistance and dropped by 20%. The 100 exponential moving average (EMA) played a crucial role in preventing further decline. Currently, Notcoin is trading at $0.01605, again encountering resistance. The 20 EMA is now providing support to its price.


Notcoin’s Strong Performance and Community Engagement

Notcoin’s price is performing well, and the project is actively working to benefit its community. On July 5th, their official Twitter handle announced that over 200 projects have already launched on the Notcoin platform, attracting participation from 22.5 million users.

Source : Twitter

By leveraging the Play-to-Earn formula, Notcoin has built a community of 40 million players. Users can discover many Web3 projects on Notcoin and earn rewards by interacting with them. Recently, the project partnered with Helika Gaming to launch the Telegram Gaming Accelerator, further expanding its reach and engagement.

Notcoin’s Market Fluctuations Amidst Broader Crypto Downturn

In the past 24 hours, Notcoin’s trading volume dropped by 55%, and its market cap currently stands at $496 million. The entire crypto market is experiencing negative sentiment, with even Bitcoin recording a 30% fall in the last 24 hours of trading. Notcoin, which reached its highest price of $0.0292 on June 2nd, is now down 45% from its all-time high (ATH).

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Despite the Moving Average Convergence Divergence (MACD) indicator suggesting a potential upcoming price drop, experts remain unconcerned. They attribute this to the overall bearish market sentiment rather than any inherent issues with Notcoin.

Source : TradingView

Experts believe that Notcoin is not heavily affected by the bearish market sentiment. Thanks to the project’s developments and strong community support, the token is performing stably. This is just the beginning of its rise, reminiscent of its 500% surge at the end of May, with many more potential jumps ahead.


Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

 

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