Recently, the Notcoin price has seen a bearish movement, which could lead the price to $0.015. The projects development team intends to purchase unclaimed tokens, implying a bullish price in the upcoming future.
Notcoin price has recently dropped to $0.015 which represents a 12% drop in the last 24 hours. The Relative Strength Index (RSI) has dropped below to 50. This signals a bearish movement for the Notcoin. However, the calculated emotions still remains positive, indicating that the overall market opinion for NOT is optimistic.
The End of Airdrop and Token Burning
The Notcoin team has announced the end of the NOT airdrop, with an unbelievable 11.5 million holders. Unclaimed tokens will be burned or used for future development with a additional rewards for Gold and Platinum stakeholders. The token burning system has the potential to increase Notcoin’s scarcity and propel it’s price up.
Funding Rates and Trader Confidence
Instead of the recent price drops, the positive funding rate indicates that traders remain bullish on NOT. This shows that long term holdings exceeds to short term holdings. Traders are even willing to pay as much amount to keep the bullish bets. If this trend keep s going on and buyer pressure continues to increase, NOT’s price may recover and even exceed previous targets.
Notcoin’s Potential Price Scenarios
NOT’s future price is determined by a number of factors. If the calculated sentiments remains positive and buying movement returns, NOT could return to $0.021. However, if the sentiments turns negative, it might result in a price drop to $0.015.
According to the current market volatility, the NOT price still remains uncertain. The recent price drop is troubling traders positive sentiment and the token burning may potentially impact a price recovery. When trading NOT tokens, investors should keep an eye on market trends and proceed with caution.
Also Read: Notcoin Airdrop Claim Ends on 16th June 2024
