Notcoin Price Predicted to Fly When DOGS Listing, Here's the Analysis!

Bittime – Notcoin (NOT) recently experienced a significant correction with a drop of 10% in one day's trading. 

At the time of writing, Notcoin was trading at $0.01125, reflecting broader market trends due to Bitcoin price fluctuations. 

Despite the setback, there are indications that Notcoin could experience a surge in the near term, driven by technical and fundamental factors.

Technical Analysis: Notcoin Locked in a Narrow Range

Source: TradingView

Currently, Notcoin is trading between the resistance level of $0.01729 and the support level of $0.00960. These two levels are very important for understanding subsequent price movements. 

If the bullish momentum continues to strengthen and Notcoin manages to break through the $0.01729 resistance, a rally towards the June high of $0.02938 is likely.

However, if bearish forces dominate and Notcoin breaks the $0.00960 support level, the price could fall as low as $0.00483 in the short term. These conditions make both scenarios very likely to occur, depending on subsequent market dynamics.

Bullish Scenario: Potential Rally Toward June Highs

A bullish scenario seems more likely with a potential breakout above $0.01729. Several factors support this optimistic view. 

First, there is increasing interest in the Toncoin ecosystem, of which Notcoin is a part. The launch of DOGs, a meme coin related to Notcoin, is expected to attract significant interest and trading volume. 

This could be a major catalyst for a potential Notcoin price increase.

Fundamental Factors Supporting the Rally

The correction that occurred in Notcoin and other altcoins was largely caused by Bitcoin's recent price action. In the last 24 hours, Bitcoin's correction was influenced by news of the US government moving Bitcoin to Coinbase. 

However, this development has been anticipated by the market, and with predictions of interest rate cuts in the US, Bitcoin has the potential to experience a parabolic price increase. 

As Bitcoin recovers and perhaps reaches new highs, the broader crypto market will benefit, including altcoins like Notcoin.

Notcoin Price Recap

As Notcoin faces this correction period, investors should keep an eye on the resistance level of $0.01729 and the support level of $0.00960. The direction of Notcoin price movement will be greatly influenced by whether the price manages to penetrate one of these levels. 

While there is a risk of further downside if the support level is broken, a more likely scenario is a rally driven by positive sentiment towards the Toncoin ecosystem and the potential for an overall market recovery. 

The launch of DOGs and predictions of interest rate cuts in the US are important events that could affect Notcoin's performance in the near future.

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To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

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