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Cryptocurrency News Articles
Notcoin Struggles, Fantom (FTM) Value Rises 50%: Sustainable Rally or a Bull Trap? BlockDAG’s Testnet Launch Nears: Can it Hit $20 by 2027?
Sep 21, 2024 at 09:03 am
Notcoin (NOT) has been facing severe bearish pressure, with its price dipping to a three-month low. Currently, Notcoin is trading at $0.00759
Notcoin (NOT) price struggles amid bearish pressure from lower highs, targeting support at $0.00700. Meanwhile, new fantom (FTM) value gains are countered by resistance at $0.5000, setting the stage for a potential bull trap. On the other hand, BlockDAG’s testnet launch is just around the corner, and as the project continues to gain steam, analysts are predicting the BDAG coin price could reach $20 by 2027.
Key Points:
Notcoin (NOT) price is trading at $0.00759 with a slight gain of 1.19% in the intraday session.
The token price has shown a crucial rejection from the $0.00800 resistance level.
BlockDAG’s testnet launch is highly anticipated, and the project is set to deliver a game-changing experience for developers and investors.
As the developers’ interest grows in the project, analysts predict the BDAG coin will reach $20 by 2027.
Notcoin Price Analysis
Notcoin (NOT) price is struggling to break past key resistance levels and has been facing severe bearish pressure, causing its price to reach a three-month low. Currently, Notcoin is trading at $0.00759, showing a slight rise of 1.19% in the intraday session. However, the token has seen a 40% decrease over the last ten sessions due to a lack of substantial investor inflows.
Technical indicators suggest further downside ahead. The RSI (Relative Strength Index) for Notcoin remains in the oversold region, indicating continued selling pressure. Meanwhile, some analysts expect the price to test the $0.00700 support level while others remain cautious. A recovery is possible, but the market’s outlook on Notcoin remains clouded by uncertainty.
Relative Strength Index (RSI) for Notcoin is currently trading below 36.00 levels, indicating a strong bearish momentum in the lower time frame. Moreover, the Bollinger Bands are converging, suggesting a period of low volatility. However, the bands are also positioned in a way that could indicate an upcoming breakout either to the upside or downside.
Levels to Watch
Resistance: $0.00800, $0.00830, and $0.00860
Support: $0.00730, $0.00700, and $0.00670
Trading Volume: $102K
Market Capitalization: $623K
Total Supply: 100,000,000,000 NOT
Chainlink Price Analysis: FTM Value Rises 50%
On the opposite end of the spectrum, the Fantom (FTM) value has increased by 50% in the last month. Currently, FTM is trading at $0.4846 with a slight daily dip of 0.12%. As FTM price action recovers from the recent lows, traders are now debating whether this price surge is sustainable or if it’s a classic bull trap.
As FTM price approaches the $0.5000 resistance zone, any failure to break through could result in a pullback to support levels around $0.4700. Despite short-term concerns, some traders remain optimistic about FTM’s mid-term prospects. Bullish chart patterns suggest that FTM may target a price range of $0.5800 to $0.600 in the coming weeks. However, many analysts advise traders before entering new long positions, urging them to wait for dips.
Levels to Watch
Resistance: $0.5000, $0.5050, and $0.5200
Support: $0.4800, $0.4730, and $0.4670
Trading Volume: $122 Million
Market Capitalization: $460 Million
Total Supply: 1,000,000,000 FTM
BlockDAG’s Testnet Launch Nears: Can BDAG Hit $20 by 2027?
As BlockDAG’s highly anticipated testnet launch approaches on September 20, 2024, excitement is building in the crypto industry. This is a pivotal moment for the project, as it allows developers and users to interact with the platform’s new features.
The testnet will include a blockchain explorer, MetaMask wallet integration, and a faucet that enables users to mint BDAG coins. These features not only provide hands-on experience with BlockDAG’s technology but also show its potential to revolutionize the blockchain ecosystem. The blockchain explorer is expected to
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