{"id":400885,"date":"2024-06-20T22:30:10","date_gmt":"2024-06-20T17:00:10","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=400885"},"modified":"2024-06-20T18:05:20","modified_gmt":"2024-06-20T12:35:20","slug":"bitcoin-causes-altcoins-to-suffer-but-notcoin-is-different","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/bitcoin-causes-altcoins-to-suffer-but-notcoin-is-different\/","title":{"rendered":"Bitcoin causes altcoins to suffer, but Notcoin is different"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><em><span style=\"font-weight: 400;\">Notcoin declined 12.20% in seven days, with 2.95% daily gains.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><em><span style=\"font-weight: 400;\">Market sentiment remained negative as altcoins declined due to Bitcoin&#8217;s volatility.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/ambcrypto.com\/predictions\/notcoin-price-prediction\" target=\"_blank\" rel=\"noopener\">Notcoin [NOT]<\/a> has experienced a downside in the last seven days with a 12.20% decline. However, during the previous 24 hrs, it has experienced a 2.95% surge. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At press time, NOT was trading at $0.01588 with a 21.89% decline in trading volume to $527M. According to <a href=\"https:\/\/coinmarketcap.com\/currencies\/notcoin\/\" target=\"_blank\" rel=\"noopener\">CoinMarketCap<\/a>, NOT&#8217;s market cap was $1.6B.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The recent decline in NOT and other altcoins has captured the attention of various crypto analysts. One such figure is <\/span><a href=\"https:\/\/x.com\/AltcoinSherpa\/status\/1803386393873244188\"><span style=\"font-weight: 400;\">Altcoin Sherpa, <\/span><\/a><span style=\"font-weight: 400;\">who formally shared on X (Twitter) that most altcoins will face a downside. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In his tweet, he said, <\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">\u201cMost Alts probably have a bit more downside to go, and I&#8217;m more waiting for BTC to be in a super healthy state before alts start to move.\u201d <\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">So, altcoins will continue to decline since <a href=\"https:\/\/ambcrypto.com\/predictions\/bitcoin-price-prediction\" target=\"_blank\" rel=\"noopener\">Bitcoin [BTC]<\/a> is currently underperforming. It traded at $65k at press time, a 2.84% decline in seven days.<\/span><\/p>\n<h2><strong>Bitcoin affects altcoins\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Various altcoins have experienced a considerable decline. For instance, Solana has declined by 10.2% in seven days, <a href=\"https:\/\/ambcrypto.com\/predictions\/dogecoin-price-prediction\" target=\"_blank\" rel=\"noopener\">Dogecoin [DOGE]<\/a> by 12.67%, <a href=\"https:\/\/ambcrypto.com\/predictions\/cardano-price-prediction\" target=\"_blank\" rel=\"noopener\">Cardano [ADA]<\/a> by 9.74%, and <a href=\"https:\/\/ambcrypto.com\/predictions\/shiba-inu-price-prediction\" target=\"_blank\" rel=\"noopener\">Shiba Inu [SHIB]<\/a> by 14.11%. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Most altcoins were facing a hit because of BTC&#8217;s volatility, with investors fearing other cryptocurrencies after BTC fell from $72k to $65k.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, other analysts have experienced optimism, sharing positivity regarding NOT. For instance, <\/span><a href=\"https:\/\/x.com\/MycoachTutor\/status\/1803701339219710366\"><span style=\"font-weight: 400;\">Gbemileke<\/span><\/a><span style=\"font-weight: 400;\">, a crypto analyst, shared a tweet arguing that,<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\"> \u201cNOT is currently at a POI. I expect it to break out of the zone; that will be bullish.\u201d <\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">He posited that the current point of interest will turn bullish despite the current market sentiment.<\/span><\/p>\n<h2><strong>Why is Notcoin distinct?\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">AMBCrypto&#8217;s analysis indicated that NOT was in the consolidation phase at press time. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">With the current support level at $0.0150, the prices will move sideways to around $0.018, showing the consolidation phase without any significant gains or reductions.<\/span><\/p>\n<figure id=\"attachment_400892\" aria-describedby=\"caption-attachment-400892\" style=\"width: 949px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/not-tv-1.png\"><img decoding=\"async\" class=\"size-full wp-image-400892\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/not-tv-1.png\" alt=\"\" width=\"949\" height=\"592\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/not-tv-1.png 949w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/not-tv-1-300x187.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/not-tv-1-768x479.png 768w\" sizes=\"(max-width: 949px) 100vw, 949px\" \/><\/a><figcaption id=\"caption-attachment-400892\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Also, the RSI analysis indicated that NOT stood against all odds. With an RSI of 50 and an RSI-based MA of 58, NOT was in a neutral zone. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The 50 RSI is mostly viewed as a bullish market sentiment, but the indecisiveness at this point can lead to a downside.<\/span><\/p>\n<figure id=\"attachment_400893\" aria-describedby=\"caption-attachment-400893\" style=\"width: 1103px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/not-tv-2.png\"><img decoding=\"async\" class=\"size-full wp-image-400893\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/not-tv-2.png\" alt=\"\" width=\"1103\" height=\"583\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/not-tv-2.png 1103w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/not-tv-2-300x159.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/not-tv-2-1024x541.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/not-tv-2-768x406.png 768w\" sizes=\"(max-width: 1103px) 100vw, 1103px\" \/><\/a><figcaption id=\"caption-attachment-400893\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">According to Coinglass, total liquidation data shows higher short than long positions. Short position liquidation was at $593k at press time, compared to $244k for long positions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> These market sentiments showed a bearish market sentiment with a potential further downside.<\/span><\/p>\n<figure id=\"attachment_400889\" aria-describedby=\"caption-attachment-400889\" style=\"width: 1852px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/not-coinglass.png\"><img decoding=\"async\" class=\"size-full wp-image-400889\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/not-coinglass.png\" alt=\"\" width=\"1852\" height=\"525\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/not-coinglass.png 1852w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/not-coinglass-300x85.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/not-coinglass-1024x290.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/not-coinglass-768x218.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/not-coinglass-1536x435.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/not-coinglass-1200x340.png 1200w\" sizes=\"(max-width: 1852px) 100vw, 1852px\" \/><\/a><figcaption id=\"caption-attachment-400889\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Data from Santiment further showed that NOT was in a consolidation phase with lower social dominance. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Lower social dominance implied reduced market interest and negative, resulting in low trading volume and reduced price volatility.<\/span><\/p>\n<figure id=\"attachment_400891\" aria-describedby=\"caption-attachment-400891\" style=\"width: 1409px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/not-red-santiment.png\"><img decoding=\"async\" class=\"size-full wp-image-400891\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/not-red-santiment.png\" alt=\"\" width=\"1409\" height=\"690\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/not-red-santiment.png 1409w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/not-red-santiment-300x147.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/not-red-santiment-1024x501.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/not-red-santiment-768x376.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/not-red-santiment-1200x588.png 1200w\" sizes=\"(max-width: 1409px) 100vw, 1409px\" \/><\/a><figcaption id=\"caption-attachment-400891\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">At press time, NOT was enjoying market stability with increased positive market sentiments.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With the critical support level around $.150, accompanied by gains on daily charts, the altcoins can continue with the momentum and build on the gains. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, with the consolidation phase, it will most likely shift to around $0.18 in the short term.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the last seven days, NOT has experienced 12.20% decline. Despite the recent gains, market sentiment shows a downside. <\/p>\n","protected":false},"author":94,"featured_media":400890,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[6427],"class_list":["post-400885","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bitcoin causes altcoins to suffer, but Notcoin is different - AMBCrypto<\/title>\n<meta name=\"description\" content=\"In the last 7 days, NOT has experienced 12.20% decline. 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