Can Notcoin break the USD mark?

Notcoin ($NOT), the cryptocurrency tied to Telegram’s clicker game, has seen its market capitalization climb significantly to the $2 billion mark. Released on Telegram Open Network (TON) and launched through airdrops in May 2024, Notcoin quickly attracted users and drove its value to soar with its innovative click gold coin rewards and "profit task" mechanism, with the price soaring by 300 in the first few weeks. %.

Current price dynamics and trend analysis:

1-day chart analysis (August 18): $NOT is trading near $0.01098, and the market is consolidating sideways. The Bollinger Bands have contracted sharply, indicating low volatility; the price is close to the lower track, and although there is bearish pressure, there is insufficient momentum. The RSI value is 42.46, indicating that market sentiment is neutral to bearish. Short-term resistance is set at $0.01307 and support is at $0.00977. It may continue to fluctuate before breaking through this range.

4-hour chart perspective: The current price is $0.01099. Although it is in a downward channel, the trend has stabilized, showing signs of rising. The BoP indicator -0.13 reflects slightly bearish sentiment, but the MACD is now crossing positively and the histogram is slightly increasing, indicating short-term upside potential. However, the overall trend remains weak and the $0.012 mark needs to be crossed to strengthen the bullish trend.

in conclusion:

Based on the analysis of the two charts, Notcoin is currently in a period of low volatility consolidation, with the daily line showing weakness and a bearish bias, while the 4-hour chart suggests there are upward opportunities in the short term. However, considering the strong resistance of $0.013 and the solid support of $0.0097, the sideways consolidation may continue. Future trends depend on whether the above key points can be effectively broken through or below to trigger further market action. Whether Notcoin can quickly reach 1 US dollar, it currently seems that it will take time and the catalysis of more positive factors.

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