Notcoin Price Prediction as NOT Nears All-Time High – $1 Breakout Incoming?
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Today, the Notcoin price has experienced growth amidst a broader market retracement, with the potential to rally as it draws near to breaking its all-time high. The Notcoin price has experienced a 4.47% increase over the past 24 hours, bringing its price up to $0.017223, amidst a broader retracement in the crypto market.In a pullback, Notcoin has posted a weekly loss of 21.66%, following the trend of major cryptos
like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), which have also retraced.
However, the coin’s 24-hour trading volume has surged 61.23% to $1.25B over the past 24 hours, suggesting a resurgence in interest.
Notcoin Price Battles With Key Support Level – $1 Breakout Incoming?
Notcoin uptrend seems to have been revived after a change in momentum over the past 48 hours.Most notably, Notcoin’s relative strength index (purple) has dipped from 80 to 30 over the past 24 hours. This suggests that the upward momentum has weakened, hinting towards consolidation.This is reinforced by Notcoin’s recent failure to rebound from the $0.017688 support level (red). This indicates that the buying pressure is not strong enough to sustain prices above that level.To see further upside and potentially break its all-time high on the road to $1, NOT will need more significant momentum. Despite current negative indicators, the 30-day moving average (yellow) is trending upward and approaching the 200-day moving average (blue). This suggests that short-term momentum remains positive.If the 30-day moving average decisively crosses above the 200-day moving average, it could signal that the short-term momentum is strong enough to potentially influence a long-term uptrend.While technical indicators suggest positive short-term price movements, sustainable long-term growth will likely hinge on fundamental factors.Most significantly, the space at large is being greatly limited by The Federal Reserve’s unexpected hawkish stance on potential rate cuts, which has overshadowed softer consumer inflation figures.
The Fed kept interest rates unchanged. The benchmark rate is projected to reach 5.1% this year. This suggests only one rate cut in 2024.
This undercuts previous anticipations of up to 3 rate cuts, putting pressure on the market and creating uncertainty among traders.
New Low-Cap Gem Gives Huge Passive Gains
With NOT already sporting a $1.77 billion market cap, there’s uncertainty about the potential for significant future gains. Coupled with its current stagnation, substantial gains are unrealistic in the near term.Therefore, traders seeking faster and more substantial returns may do well to explore newer low-cap meme coins poised for explosive growth.Enter WienerAI ($WAI), a new meme coin and AI companion cited to become every crypto trader’s Best Friend.The meme coin market is over-saturated with Shiba Inu-themed coins boasting little to no real utility. Something which may credit Weiner AI’s (WAI) recent success, raising over $5.5 million in its presale so far.
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An incredible $5.5M raised in mere days and no sign of slowing down 😮💨 pic.twitter.com/q2R7xqLE02
— WienerAI (@WienerDogAI) June 12, 2024
Touted as a “Revolutionary AI Trading partner”, WienerAI is a digital companion that gives its owner user-friendly AI-enhanced trading advice, seamless swap functionality, and zero fees.
Around 20% of $WAI’s supply is for staking, and investors are currently earning a massive 200% APY, as per the project’s official website.
This places WeinerAI among some of the best passive income crypto gems. At this rate, investors can double their initial presale investment within months – even amidst the current market uncertainty.
Follow the latest developments on Weiner AI’s X account.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.- How Tether Co-Founder William Quigley Views Crypto Regulations in Trump’s Second Term
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