Notcoin Price Prediction June 2024: NOT May Jump to $0.021

June 2024 Notcoin Price Prediction: NOT May Jump to $0.021! The momentum for NOT is bearish, which could lead the price to $0.015. The project’s development team plans to purchase unclaimed tokens, suggesting that prices will be high in the near future. AMBCrypto discovered that a widespread market decline could force previous Notcoin [NOT] price predictions to be invalid. At press time, the price of NOT is $0.017, down 12% in the past 24 hours. On June 16, we reported on how NOT was challenging the broader market as prices rose. Surprisingly, however, this rally did not last long, especially as the coin went against the broader trend on separate occasions.

NOT Falls back to old pattern According to our findings, the decay of buying momentum is one of the factors contributing to the decline in Notcoin price. At press time, the relative strength index (RSI) on the 4-hour chart has fallen to 43.20. RSI measures the extent of price movements in the market. It also identifies possible overbought or oversold areas. If the reading is 70 or above, it means the cryptocurrency is overbought. However, when the RSI is below 30, it means it is oversold. But the coin is reading below the 50.00 midpoint, indicating that the momentum surrounding NOT has turned bearish. If readings continue to fall, Notcoin’s price prediction will become increasingly pessimistic. However, weighted sentiment managed to stay above negative territory. Weighted sentiment measures how average market participants feel about an item. If the interpretation is positive, then it means that most reviews are optimistic. However, a negative reading means the broader sentiment is bearish. For NOT, the ability of weighted sentiment to remain in positive territory may prevent its further correction. If this happens, NOT could rebound to $0.021. On the other hand, falling into the red zone could send the coin’s price down. If Notcoin’s price prediction turns out, the cryptocurrency’s value could slide to $0.015. Notcoin’s proposal inspires confidence among traders Meanwhile, the Notcoin team announced that the NOT airdrop has ended. Recall that this is not initiated by rewarding those who participate in click-to-earn games. An airdrop occurs when a project sends cryptocurrency rewards to certain users for meeting specific requirements. In addition to the disclosure, the project noted that it has 11.5 million holders. It also mentioned that unclaimed tokens will be burned, while those who staked will receive additional rewards. It wrote on X that most of the tokens have been distributed, unclaimed tokens will be used for future development, and some tokens will be burned. Additionally, those who place bets for the Gold and Platinum levels will receive additional rewards. "If burned, this mechanism will make Notcoin scarce as there will be fewer coins in circulation. Going forward, this could drive bullish predictions for the token's price . Additionally, traders seem confident in NOT's price Will pick up. This is evident in the funding rate. Here is the TON market capitalization of Notcoin. Positive readings on this indicator indicate that bulls are paying bears to keep it going. Opening of positions. This means that trader sentiment is bullish on average. If this continues and buying pressure increases in the spot market, Notcoin’s price forecast could be significantly higher than the previous target.

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