Not coin's price projection remains unpopular on CoinGecko, despite a 9% fall, as traders anxiously purchase $49 million worth of Solaxy presale with merely three days remaining.
Hop on over to our Telegram channel to stay current on the latest news coverage and updates!
📈 Notcoin's price took a nosedive of 9% in the past 24 hours, now trading at $0.002005 as of 6:54 a.m. EST. Investors are panicking and liquidating their positions in this cryptocurrency, causing its market value to plummet.
might be Number 1 on CoinGecko's trending list, but its current standing is still a thorn in the side of investors.
Notcoin's Price Bounces Back and Forth Between Resistance and Support
Daily chart for NOT/USD (Source: GeckoTerminal)
The Notcoin price attempted to break through the resistance level set at $0.002432 earlier this week. However, this was quickly thwarted according to data from GeckoTerminal, causing a negative trend that pushed the crypto down to a support level of $0.001840.
A scary scenario unfolds if the Notcoin price plummets below the support level of $0.001840. It may then tumble all the way down to $0.001615. But on the flip side, optimistic investors see this as a potential buy opportunity. In this event, may once again try to challenge the $0.002432 resistance, and if successful, may open a route to the next significant milestone at $0.002967.
Technical Indicators Suggest Bear Market May Not Be Over Yet
Viewing the situation from a technical perspective reveals that the bear market may not have reached its climax just yet. The continuous fall in Notcoin's price can be observed by the decreasing MACD line and the high RSI readings, both of which suggest that the negative trend may continue. The MACD line has failed to cross above the Momentum Indicator, while the RSI readings signal that there's plenty of room left before the market becomes oversold.
Don't feel down just yet, though! As Notcoin tries desperately to cling to its support levels amidst a bearish assault, investors are jumping at the opportunity to invest in the upcoming Solaxy (SOLX) presale before it wraps up in just 3 days. According to YouTube channel 99Bitcoins, which boasts over 723K subscribers, SOLX could soar by a factor of 100 after launch. 💥📈🚀
Solana Set for Major Upgrade with Solaxy (SOLX)
Solxy is a scaling solution for the SOL ecosystem, aiming to maximize Solana's potential by optimizing its efficiency during peak traffic times. The token bundles transactions off the mainnet before submitting them for final validation, which speeds up the processing time.
In addition to addressing congestion issues, Solxy also plans to connect Solana to Ethereum, giving developers the ability to develop across both networks. The Solaxy team has proven its proficiency by successfully deploying a testnet, a testnet's block explorer, the Solaxy bridge on the testnet, and a native no-code token launchpad, all within the presale period. 🤝🌐
The presale for Solaxy has been wildly successful, raising over $48.8 million so far. With just 3 days left for investors to get in on the action, the time to act is now. If successful, Solxy promises to offer an impressive 84% annual return on staked tokens. 🤑💰
🔥Join our Telegram for more breaking news coverage!🔥
- Engage in insightful discussions on the recent Notcoin price fluctuations, potential investment opportunities, and updates on the upcoming Solaxy (SOLX) presale by joining our Telegram channel, where knowledgeable investors share the latest news.
- Diversify your portfolio by considering investments in both finances and technology as you follow the latest news on the advancements of Solaxy (SOLX), a scaling solution for Solana aimed at optimizing its efficiency and connecting it to Ethereum, all while potentially generating impressive returns from presale investments.
