The leading Telegram crypto, Notcoin, continues to slide in the charts as Tap-2-Earn fever gives way to a NOT price sell-off.
Meanwhile, another unlikely meme coin is quickly capturing the attention of the Notcoin community. So, what exactly is driving this shift in focus?
This article will provide an analysis of NOT’s current price trends and look to see whether an innovative new meme coin, Pepe Unchained, represents a more promising investment opportunity at this time.
$NOT update
IMO it is irregular flat
C Wave can be both normal or extended#notusdt #notcoin https://t.co/ZuoLtnixJF pic.twitter.com/dD48lKE2qk
— Paulo Ricci (@pauloricci8kk) July 9, 2024
Downside bleeding, amid uninspiring price action, is dominating NOT price sentiment across Crypto X (formerly Twitter) this morning.
Some altcoin analysts are highlighting an Elliot Wave trend that could push NOT price down as low as $0.012.
NOT Price Analysis: As Notcoin Slumps – Is Price Action Really Heading for $0.012?
Amid wider woes across the crypto market, Notcoin is currently trading at a market price of $0.015 (representing a 24-hour change of -2.99%).
This is a continuation of the bleed-out triggered by overhead resistance at $0.017, which has left price in a -9% drawback so far.
Critically, amid this downside turn, NOT price fell below the steady support of an ascendant 20DMA (which is now contributing to a ceiling of resistance at $0.016).
However, NOT holders are resilient, if anything, and this is displayed by the attempt at a consolidation above $0.015, even if analysts note this is irregularly flat.
This could suggest a growing strength, with holders aiming to trigger a bounce back above 20DMA resistance, and indeed, this isn’t an entirely unfounded view.
Looking at key indicators such as the RSI, the market has shifted into a bullish posture amid the relatively well-defended consolidation move. A solid reading at 48 now suggests a minor bullish divergence.
Yet, this still requires price to fight broader market fundamentals, alongside continued sell-pressure – for this reason, smart money, not holders, is rapidly flocking to the next gem.
What is Pepe Unchained (PEPU) – And How Could Pepe 2.0 Emerge as Biggest Meme Coin Launch of Q3?
As Notcoin holders seek out safe-harbors to weather the downside storm, Pepe Unchained (PEPU) has emerged as a top-choice amongst smart money NOT holders.
Currently standing at an impressive $2.88M raised in just over a week, PEPU has clearly struck a chord with legions of investors searching for the next big thing in meme coins.
The heart of PEPU’s unique offering is best understood through the lense of Shiba Inu (SHIB) – the second biggest meme coin – which last year forged great success via the launch of ‘Shibarium’ (a layer-2 scaling solution for the chain).
Now, the team behind Pepe Unchained plans to replicate the success of everyone’s favorite green coin.
So, you can look at PEPU as PEPE 2.0 – a high-speed, low tx cost ecosystem aiming to enable meme coin developers across the world.
But the magic of this trade isn’t just in the technology; it’s in the double-bubble earnings.
Not only is Pepe Unchained expected to undergo skyrocketing value growth (indeed, if it captures just 10% of Pepecoin’s market cap, then this would represent a 160x gain for PEPU), but it is also offering super high APY staking rewards (currently 656%).
So don’t miss out, follow PEPU on X and join the Pepe Unchained Telegram.
Buy PEPU Here
The post Notcoin Holders Bet on This $0.008325 Meme Coin appeared first on Cryptonews.
