The Notcoin price climbed 4% in the last 24 hours to trade at $0.00764 as of 04:02 a.m. EST on trading volume that plunged 50% to $82 million.
But it’s plunged 35% in the past month, a slump that made it the biggest loser among major cryptos, according to Crypto Bubbles .
Notcoin Price Prediction: NOT On A Bearish Trend, Possible Trend Reversal?
Since August 25, the Notcoin price has been in a continued downtrend, plunging within the falling wedge pattern.
NOT bulls, however, seem to be capitalizing on the wedge to stage a likely trend reversal, with the price of Notcoin now trading up but on the upper boundary of the falling wedge.
NOTUSDT Chart Analysis (Source: Tradingview)
The recent downtrend has driven the price of Notcoin back below both the 50-day and 200-day Simple Moving Averages (SMAs).
However, the Relative Strength Index (RSI) seems to be rebounding from below the neutral zone, currently at 49 and climbing, which confirms a looming price recovery.
The RSI soaring could be a sign that the Notcoin price is bound for a continued recovery, which shows that buyers are buying more. If this scenario continues, the price of Notcoin could recover over the falling wedge, as the bulls target $0.00996 (200-day SMA).
In an inverse scenario, Notcoin could continue dropping below the falling wedge, with $0.00683 acting as the immediate support zone.
Meanwhile, as the Notcoin bulls gear up for a likely bullish trend reversal, investors are rushing to buy a new GambleFi project called Mega Dice (DICE) , which has only nine days left until its presale ends.
Mega Dice Amasses Over $1.79 Million
Mega Dice is an online gambling platform offering a wide variety of casino games and sports betting options that has surged past $1.79 million in funding.
It is a top brand in the crypto casino domain, boasting over 10,000 active players and exceeding $50 million in monthly wagering. Players enjoy over 4,000 casino games and 50 sports and eSports betting options.
According to 99Bitcoins, a popular crypto channel on YouTube with over 706,000 subscribers, $DICE could potentially soar 100X after its launch.
Token holders can also earn a share of the casino’s daily profits through its unique staking system and receive 10% on any purchases made by referred investors
Buy $DICE on the official website here for $0.116056 per token using BNB, ETH, or SOL.
Related News
- Telegram Expands Moderator Powers To Private Chats After Pavel Durov Arrest in France
- Toncoin Price Prediction: TON Surges 7% As Telegram CEO Pavel Durov Calls France Arrest ”Misguided,” But Traders Rush To Buy This ICO Before Time Runs Out
- A How-To Guide on Buying Cryptocurrency Safely in 2024
