Notcoin (NOT), the viral clicker game on Telegram crypto, saw NOT Price tumble after successfully achieving a $2.82bn market cap.
Can they turn around the chart, or can we expect lower than here? Let’s take a dive into NOT!
Before reading this article, we should read our last analysis of this coin, where the terms being used, such as MA and RSI, will be explained. You can find it here.
Notcoin Price Analysis: Support and Resistances
(NOT USDT – Support and Resistances)
If you read our last analysis of Notcoin, you will quickly notice we changed the support and resistance levels. As an analyst, it is important to be able to expand your mind and see new things. In this case, $0.013 should be a super strong support area.
Losing this area would send the price all the way to the bottom, where it was last time, around $0.009.
Bouncing from this area could be seen as a double bottom, which is often a bullish indicator. We could easily expect $0.017 within just days!
Can the Moving Averages and Relative Strength Index reveal something to us?
When you look at this chart, the RSI immediately jumps into your eyes. First, it’s bounced around the oversold area twice in the past day, and second, it’s doing what’s called a bullish divergence, which can signal a potential bottom. We explained how this works in this article.
The second thing that should be easily noticeable on the Notcoin chart is when you’re looking at the moving average. You can see it shoots up initially, and the price grinds around it. The second it’s lost, and the price doesn’t immediately reclaim it, it bottoms out 51% lower.
As price reclaims it later, it fails to put distance to it and properly pump, as you would say, it loses it again rather quickly. Will it have the same consequence this time?
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Despite NOT Price Retreat: Retail Is Still flocking to TON Chain
TON chain Dune dashboard by nyssarex
While we can’t really claim the chart is looking too bullish at this moment.
We can really see on all metrics for TON Chain, the network Notcoin is launched at, that retail has been flocking in. Volume has been skyrocketing in the last months, and coins on there also seem to be able to keep higher market caps.
So while you may not have much exposure to Ton, Not or any Ton chain coins, it might be worth looking into the chain as it’s incredibly easy to onboard new users.
Basically, if you have Telegram, you can type wallet in the search field, and the top hit should be the integrated wallet on the Ton chain, where you can do everything from holding Ton coins to swapping! Now, how easy is that?
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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