The Notcoin price dropped 9% in the last 24 hours to trade at $0.008470 as of 03:35 a.m. EST on trading volumes that plunged 41% to $349 million.
NOT has been on a downtrend for the last three days following Pavel Durov’s arrest in Paris, France. It has followed the same trend as Toncoin, a crypto asset closely tied to the Telegram messaging app that plunged over 20% during the same period.
Notcoin’s integration of crypto features into the messaging app was also affected by the tumble.
Notcoin Price Prediction: NOT Aims For A Rebound
According to data from GeckoTerminal , the price of Notcoin has been on a downward trend since Durov’s arrest, moving within a descending channel pattern and falling from the $0.0125 resistance.
However, the Notcoin price seemed to have found support at $0.008081, where the bears have been rejected. NOT now trades up towards the upper boundary of the falling pattern.
NOT still trades below both the 50 and 200 Simple Moving Average (SMA) on the hourly chart as well, coinciding with the recent downtrend.
The Relative Strength Index (RSI) is also trading within the neutral point at 42, which shows that the price of Notcoin is in equilibrium and preparing for a potential breakout.
According to the Notcoin price analysis, NOT aims for a bullish trend reversal, as the price now soars from the lower boundary of the falling channel. If this trend continues, the bulls could propel the price to $0.0120.
Notcoin Price Chart Analysis Source: GeckoTerminal.com
However, if the bears take control of the price at this level, NOT could plunge back to the support level around $0.0080, acting as a cushion against downward pressure.
As the NOT price aims for a recovery, investors are rushing to buy the new DOGE derivative PlayDoge (PLAY) with only two days left until it launches on a decentralized exchange.
According to analysts from the 99Bitcoins crypto channel, PLAY could soar 100X after launch.
PlayDoge (PLAY) Is Supercharging Retro Gaming
PlayDoge has amassed over $6.3 million in what has been an explosive ICO, and announced that it will launch on Aug. 29 at 10 a.m. UTC.
PlayDoge is not just another meme coin. It gives Tamagotchi a crypto makeover, with their PLAY token serving as the in-game currency.
In the mobile-based play-to-earn (P2E) game, players care for an 8-bit pixel Doge. Players get to feed, play mini-games, and bond with their virtual pet, earning PLAY tokens in the process.
Apart from earning through P2E, token holders can earn passively by staking PLAY for an impressive 71% annual yield (APY).
You can buy PLAY tokens for $0.00532 each. With the token set to launch in about two days, don’t wait around too long if you want to lock in the best deal.
Purchase PLAY from the official website here using BNB, USDT, or a bank card.
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