Notcoin (NOT) Price Prediction: NOT/USD Winds Around the 50% Fibonacci Placeholder of $0.01602

The Notcoin price is down by 7% in the last 24 hours to trade for $0.01593 as of 0:30 a.m. EST on trading volume that dumped 27%.

Join Our Telegram channel to stay up to date on breaking news coverage

Bitcoin (BTC) price decreased by 7% in the last 24 hours, trading at $0.01593 as of 0:30 EST and trading volume dropped 27%.

Despite the broader market bearish trend, this decline occurred amid FUD (fear uncertainty and doubt) after NOT token investors were unable to withdraw their staked tokens.

One of them said he tried to withdraw his staked tokens, but A user who said that the transaction was reversed also claims that the withdrawal button is not working.

Boss, they refunded my notcoin that I withdrawn for 9 days.....and the withdrawal button is not working again, please help me and reach me pic.twitter.com/6tJSBT246Y

— Swiz boy mon protocol (@Swizboy6) July 11, 2024

Others had to wait up to two weeks without receiving a response. This negative publicity puts a lot of pressure on the Notcoin price.

@Notcoin_bot What the hell, I made a withdrawal request about two weeks ago and now two weeks later they deposited it back and everything is locked nothing can be done pic.twitter.com/JiXuhSkphB

— MDR (@MDR526) July 11, 2024

Notcoin Price Prediction

Although Notcoin price is trading with a bullish trend in the lower time frame, the higher time frames indicate a struggle. The altcoin is stuck within the Fibonacci Golden Zone. This zone typically refers to the 38.2% to 61.8% retracement levels of a previous price move.

When the price remains within the Golden Zone, this indicates indecision in the market or a balanced balance between buyers and sellers. Traders may interpret this consolidation within the Fibonacci Gold Zone as a period of price stability or a possible continuation pattern before the next significant move. It could also indicate that the market is resting or waiting for new catalysts that will drive the price movement in either direction.

While Notcoin price is hovering around the 50 Fibonacci indicator at $0.01602, traders looking to take long positions should look for a move above the 61.8 Fibonacci retracement level at $0.01332. They should expect a breakout and close.

GeckoTerminal: 4-hour NOTE/USD chart

Likewise, those looking to take short positions should wait for a bar close below the 38.2 Fibonacci level of $0.01872. In a dire situation where the downtrend is prolonged, a bar close below the 23.6 Fibonacci retracement level would indicate a change in market structure, effectively confirming the continuation of the downtrend.

On the other hand, some investors believe crypto YouTuber Jacob Bury is a He is turning to PlayDoge (PLAY), a new P2E Dogecoin derivative that he says could be the next 10X crypto. Investors have already invested more than $5.5 million in the project.

Promising Alternative to Notcoin

PLAY is the token powering the PlayDoge ecosystem, offering a mobile-based P2E game that transforms the iconic Doge meme into a Tamagotchi-style virtual pet.

PlayDoge is the legendary Tamagotchi brings the virtual pet concept to the crypto digital economy. Token holders embrace '90s nostalgia as they navigate classic 8-bit side-scrolling adventures to earn crypto by caring for their pets. You benefit from monetary incentives depending on how well you take care of your pet.

The project runs on the BNB chain, which offers benefits such as lower fees and faster transactions. The BNB chain is well known for its ecosystem support, interoperability, scalability and community adoption.

🎜

The above is the detailed content of Notcoin (NOT) Price Prediction: NOT/USD Winds Around the 50% Fibonacci Placeholder of $0.01602. For more information, please follow other related articles on the PHP Chinese website!