Threatening Downward Spiral: Notcoin (NOT) Price of Telegram Play-to-Earn Game Crashes

Alright, folks, let's dive into the latest analysis of Notcoin (NOT), a play-to-earn game on the Toncoin platform. The token's price has been under significant pressure, and we'll explore the key price levels to watch. So, buckle up and let's get into it.

Notcoin's Threatening Downward Spiral

The price of Notcoin (NOT), a mini-game launched on Toncoin on May 16, has come under significant pressure following news surrounding Telegram CEO Pavel Durov. With an 11 percent price drop, NOT is among the day's biggest losers. In the weekly comparison, Notcoin has seen a 19 percent price collapse, making it one of the worst performers among the top 100 altcoins.

Since its all-time high on June 2, the price of NOT has plummeted by 75 percent and is currently at risk of breaking the support zone between $0.0079 and $0.0073. If this zone is breached on a daily closing basis, a further decline to the range between $0.0065 and $0.0062 is likely. If this area does not hold, a retest of the old breakout level around $0.0056 becomes increasingly probable.

If the broader crypto market experiences a sustained correction in the coming weeks, a retest of the May lows around $0.0045 is not out of the question.

However, if the NOT price can stabilize above $0.0079 on a daily closing basis, buyers must aim to reclaim the resistance level at $0.0092. If the bulls successfully retake this important price mark, there is room for the price to move up to the previous month's high around $0.0124. At this level, some investors may take profits due to the uncertainty surrounding Telegram.

Only if the buyers can sustainably push Notcoin further north, could the price march towards the intermediate stop at $0.0143 and ultimately reach the maximum bullish target around $0.0180.

Key Price Levels to Watch

• Support Zone: $0.0079 to $0.0073
• Next Support Zone: $0.0065 to $0.0062
• Old Breakout Level: $0.0056
• May Lows: $0.0045
• Resistance Level: $0.0092
• Previous Month's High: $0.0124
• Intermediate Stop: $0.0143
• Maximum Bullish Target: $0.0180

The Bottom Line

So, there you have it, folks. Notcoin (NOT) is in a threatening downward spiral, and whether the key support levels hold will be crucial for its future price movements. Whether you're a seasoned crypto investor or just starting out, it's important to stay informed and stay vigilant.

Crypto is a wild and exciting world, but it's also a complex one. So, always do your own research, consult with professionals, and remember that what goes up can also come crashing down.

Disclaimer

Alright, folks, before we wrap up, it's time for the obligatory disclaimer. This article is for entertainment and educational purposes only. It's not financial advice, and I'm not your financial advisor. Always do your own research and consult with a professional before making any investment decisions.

Crypto is a wild and unpredictable beast, and what goes up can just as easily come crashing back down. So, be smart, be cautious, and most importantly, have fun out there. After all, isn't that what life's all about?

Until next time, stay curious, stay informed, and keep your eyes on the prize. The world of finance is waiting, and it's a wild ride. So, buckle up and let's enjoy the journey together.

Happy investing, folks!

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