[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"news-aggregator-notcoin-not-faces-uncertainty-70191c444-6ca8-774e-9165-07cf8b127474":3},{"id":4,"timestamp":5,"title":6,"content":7,"link":8,"preview":9,"tags":10,"predictedTags":11,"showTags":12,"source":13,"reactions":14,"selfReactions":15,"logo":16,"sourceId":17,"sourceUserId":9,"asset":18,"tagsCategories":19,"totalComments":20,"lang":21,"unique_views_count":20},"notcoin-not-faces-uncertainty-70191c444-6ca8-774e-9165-07cf8b127474","1725573600000","Notcoin (NOT) Faces Uncertainty in Retaining Recent Gains","\u003Cp>After an impressive rally within the first month of launch, Notcoin (NOT) now contends with market volatility and several factors that could jeopardize the cryptocurrency’s once-blooming future.\u003C/p>\u003Cp>On several occasions, BeInCrypto explained how the token remained far below that elevated position. But is there light at the end of the tunnel?\u003C/p>Notcoin Struggles to Bounce Back\u003Cp>Notcoin emerged as the first major Telegram tap-to-earn project to launch its token back in May. The development, which saw the project distribute millions of tokens to its users, eventually led to \u003Ca href=\"https://beincrypto.com/notcoin-approaches-all-time-low/\" target=\"_blank\">a notable price decline\u003C/a> within the first few days.\u003C/p>\u003Cp>By June, Notcoin had rebounded from previous losses, reaching an all-time high of $0.028. Currently, the token is down 78% from that peak, trading at $0.0074. A glance at the 4-hour chart shows significant resistance at the $0.0085 and $0.0090 levels, which could pose challenges to upward momentum in the short term.\u003C/p>\u003Cp>These levels, which show a high level of interest, remain \u003Ca href=\"https://beincrypto.com/notcoin-price-eyes-comeback/\" target=\"_blank\">crucial to Notcoin’s recovery\u003C/a>. To have a chance at retaining these points, NOT has to retest the support at $0.0078 first, then attempt to rise above the resistance at $0.0082.\u003C/p>\u003Cp>Read more: \u003Ca href=\"https://beincrypto.com/learn/top-tap-to-earn-games/\" target=\"_blank\">Top 7 Telegram Tap-to-Earn Games to Play in 2024\u003C/a>\u003C/p>\u003Cimg src=\"https://beincrypto.com/wp-content/uploads/2024/09/notcoin-price-analysis-uncertain.png\" alt=\"Notcoin 4-Hour Analysis. \" />Notcoin 4-Hour Analysis. Source: \u003Ca href=\"https://www.tradingview.com/x/uJnJjWGk/\" target=\"_blank\">TradingView\u003C/a>\u003Cp>Yet, the Money Flow Index (MFI) reveals that the token \u003Ca href=\"https://beincrypto.com/notcoin-price-dips-by-double-digit/\" target=\"_blank\">continues to face headwinds\u003C/a> in this recovery attempt. As a technical indicator that measures buying and selling pressure, the MFI can also spot when an asset is overbought or oversold.\u003C/p>\u003Cp>When the reading rises above 80, it is overbought, and a price decrease could follow. A reading of 20 or below indicates an oversold condition, possibly preceding a price increase. \u003C/p>\u003Cp>As of this writing, the MFI is down to 23.39, suggesting that Notcoin has little to no significant buying pressure. Therefore, a rebound might not happen in the short term.\u003C/p>\u003Cimg src=\"https://beincrypto.com/wp-content/uploads/2024/09/notcoin-money-flow-index.png\" alt=\"Notcoin Money Flow Index. \" />Notcoin Money Flow Index. Source: \u003Ca href=\"https://www.tradingview.com/x/WVPIgSVG/\" target=\"_blank\">TradingView.\u003C/a>NOT Price Prediction: No Breakthrough Yet\u003Cp>The daily chart also reveals a similar thesis to the analysis highlighted on the 4-hour timeframe. As seen in the image below, Notcoin attempted to surpass  $0.012 on August 24. However, that effort was futile as bears forced the price down.\u003C/p>\u003Cp>By August 26, the token had fallen below $0.010 and has since traded below this threshold. On looking at the Fibonacci retracement indicator, BeInCrypto noticed that the next support for NOT to hit could be around $0.0072.\u003C/p>\u003Cp>However, market participants might need to monitor the MFI (Money Flow Index). If the MFI dips below 20.00, Notcoin would be considered oversold, \u003Ca href=\"https://beincrypto.com/notcoin-investors-buy-the-dip/\" target=\"_blank\">potentially setting up for a rebound\u003C/a>.\u003C/p>\u003Cp>Read more: \u003Ca href=\"https://beincrypto.com/learn/where-to-buy-notcoin/\" target=\"_blank\">Where To Buy Notcoin: Top 5 Platforms In 2024\u003C/a>\u003C/p>\u003Cimg src=\"https://beincrypto.com/wp-content/uploads/2024/09/notcoin-bearish-price-analysis.png\" alt=\"Notcoin Daily Analysis. \" />Notcoin Daily Analysis. Source: \u003Ca href=\"https://www.tradingview.com/x/KUpj1z2u/\" target=\"_blank\">TradingView\u003C/a>\u003Cp>Should a rebound occur, the price could rise to $0.0097. However, regaining lost ground may be difficult, and any attempt to recover could face challenges, leading to an unsuccessful climb.\u003C/p>\u003Cp>The post \u003Ca href=\"https://beincrypto.com/notcoin-price-faces-uncertainty/\">Notcoin (NOT) Faces Uncertainty in Retaining Recent Gains\u003C/a> appeared first on \u003Ca href=\"https://beincrypto.com\">BeInCrypto\u003C/a>.\u003C/p>","https://beincrypto.com/notcoin-price-faces-uncertainty/",null,"[\"Markets\",\"Altcoin Analysis\",\"Notcoin (NOT) Analysis\"]","[\"Flow\",\"FLOW\",\"Market\",\"MFI\"]","[{\"img\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/coins-lib/full-library/color/FLOW.png\",\"name\":\"FLOW\"},{\"name\":\"Market\",\"logo\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/protocols/market.png\"},{\"name\":\"MFI\",\"logo\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/protocols/mfi.png\"}]","7",[],[],"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/news-feeds/sources/beincrypto.png","BeInCrypto","","[\"Crypto\"]","0","EN"]