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Notcoin surged by 2% in the past 24 hours, reaching a trading price of $0.01520 per coin, and its trading volume surged by 22% to $1.1 billion.
The price of NOT did not fall in the crypto market crash, despite the entire market falling by 2%, with a total transaction volume of $2.05 trillion. The memecoin industry plummeted by nearly 6%, with a market value of about $44.3 billion.
Notcoin price continues to surge in bullish flag pattern
NOTUSD chart analysis source: GeckoTerminal.com
According to data from GeckoTerminal, the Notcoin price has been trending down since mid-June, with the coin falling to the $0.010 support level. In the past two days, NOT has broken the bearish trend and moved up to the $0.0159 resistance area.
NOT has been trading in this range and the price is moving in a bullish flag pattern where the bulls aim to push the price above the resistance level.
The price NOT traded well above the 50-day and 200-day Simple Moving Averages (SMAs), with the 50-day SMA proving an immediate support level of $0.01362.
Moreover, the Relative Strength Index (RSI) is trading above the 50 midline level and is currently surging towards the overbought zone of 70. The RSI is trading within the 50 level and is currently at 58, suggesting that NOT is currently in a balanced state and bulls are ready to take a bullish stance.
Notcoin Price Prediction
According to the analysis of Notcoin price on the 1-hour chart, bulls may use the bullish flag pattern to continue to push the coin upwards. The RSI also shows that the price of Notcoin is rising from a equilibrium phase.
The 50-day SMA is also in the process of crossing over the 200-day SMA, forming a golden crossover point at $0.01278.
If the bulls buy more to push the price higher, NOT might surge above the flag pattern with investors targeting $0.01841.
However, considering that NOT has rallied 14% in the past 14 days, sellers might have started taking profits, causing the price of Notcoin to drop to the immediate support levels of $0.01362 and $0.01288 (50-day and 200-day SMA).
While Notcoin bulls seek to push the token higher, play-to-earn-yield (P2E) memecoin enthusiasts are buying into a new dog-derivative ICO called PlayDoge (PLAY).
According to Jacob Bury, a well-known cryptocurrency analyst on YouTube, PlayDoge is expected to surge 10 times after its launch.
The PlayDoge ICO presale has surpassed $5.4 million, and it’s less than three weeks until launch.
PlayDoge combines the iconic Doge meme with the beloved Poppets game from the 90s to create a fun virtual gaming experience where players can earn the game’s native token, $PLAY, by playing.
Don't be sneaky with your #Doge or it will die
Feed your Doge, earn rewards, and level up. No mazes, just fun!
#Presale has started!
#PlayDoge
#P2E
# Meme Coin
pic.twitter.com/Fp2sFwycpj
— PlayDoge (@PlayDogeGame)
May 31, 2024
By integrating a P2E mechanic, players will be able to earn rewards by caring for their pets and taking them on adventure journeys.
The project runs on the BNB chain, which ensures transaction efficiency and seamless integration of gaming activities.
In addition to earning rewards through P2E, $PLAY holders can also earn an impressive passive income of up to 104% annualized yield (APY) by staking $PLAY.
The price of each $PLAY token is 0.00516 USD. In less than 1 hour, the price will go up, buy quickly to get the best deal.
To participate in the presale, please purchase $PLAY on the official website using BNB, USDT or a bank card.
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