Notcoin Hits Resistance Wall: Will Bulls Hold or Is a 20% Correction Brewing?
Notcoin's price action just slammed into a stubborn resistance level—again. Traders are sweating as the token fails to break through, sparking fears of a deeper pullback.
Key Levels to Watch
The $0.018 zone has become Notcoin's personal nightmare. Three rejection candles in the past week tell the story: buyers keep getting outmuscled. If support at $0.0145 cracks, we could see a cascade toward $0.012 faster than a hedge fund dumping its bags.
Market Sentiment Shifts
Open interest dipped 15% as leveraged longs got liquidated—classic 'buy the rumor, sell the news' behavior after last month's exchange listings. The RSI curling downward at 42 suggests momentum's bleeding out.
Make or Break Moment
Either Notcoin gathers volume to punch through resistance, or it becomes another 'should've sold at the top' cautionary tale. Watch Bitcoin's movement too—because in crypto, even the best altcoins can't fight gravity when BTC decides to take a dive. Remember: in this market, 'technical analysis' is just astrology for finance bros.
Notcoin, the Telegram-based play-to-earn token, is once again under pressure. After showing signs of recovery, the token has shed nearly 7% in the past 24 hours, now trading at $0.001985. The trend remains majorly bearish with the market cap dipping to $197.24 million and volume spiking +17.64% to $30.24 million. This signals panic exits or speculative churn.
Fundamentally, Notcoin’s steep decline mirrors the broader collapse in tap-to-earn tokens like Hamster Kombat. Investors are increasingly questioning the sustainability of Social-Fi and Telegram-based tokens. And with the resistance mounting and signals turning neutral to negative, they are watching closely for signs of a deeper correction.
Notcoin Price Analysis:
The 4-hour chart shared by me highlights that NOT price continues to hover around the psychological $0.002 mark. But faces constant rejection from the upper Bollinger Band and 20 SMA at $0.00210. The price failed to breach above the key resistance at $0.002135, This rejection has led to a retest of the $0.001880 support. Should this level break, the next major floor lies at $0.00175, which is also the July 5 swing low.
Talking about indicators, the RSI sits at 42.21, indicating a cooling momentum without reaching oversold territory. This leaves room for further decline before buyers feel incentivized to make positions again.
Successively, the spike in 24-hour volume to 15.2% of the market cap is unusual. While high volume typically suggests active interest, the turnover hints at abnormal trading activity, possibly driven by whales taking advantage of thinner order books.
FAQs
Where is NOT price heading next?The resistance for NOT stands at $0.002135, with immediate support at $0.001880 and major support at $0.00175.
Why is the Notcoin price going down today?NOT is facing technical rejection, sector-wide distrust in tap-to-earn models, and possible bot-led trading activity.
Is Notcoin a good buy at current levels?With weakening indicators and key supports under threat, cautious trading is advised until a clear reversal forms.
