#Notcoin, a popular crypto clicker game, introduced its own cryptocurrency ($NOT) on the TON blockchain.
Just hours after its airdrop debut on May 16, Notcoin began trading at $0.0100, boasting a fully diluted volume (FDV) of $1 billion.
Shortly after launch, NOT experienced a significant decline, plummeting nearly 55% in value.
After the decline, the price of $NOT stabilized within a rangebound zone.
Despite the initial setback, bullish investors remained steadfast, preventing further declines and establishing a strong support level.
According to Coingabbar analysis, The support zone presents an opportunity for a potential bullish resurgence, aiming to push prices back up towards the $0.0100 mark and recover losses.
KEY LEVELS :
RESISTANCE LEVEL : $0.008300-$0.015000
SUPPORT LEVEL : $0.006200-$0.003000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
Also read: Solana Price Prediction: Can SOL Hit $250 in the Next Wave?
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
18-05-2024
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