Notcoin Price Prediction as NOT Nears All-Time High – $1 Breakout Incoming?

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Harvey Hunter

Content Writer

Harvey Hunter

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Apr 2024

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Harvey Hunter is a Content Writer at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

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Last updated: 

June 13, 2024

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.

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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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