Notcoin

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<p>A crypto trader, <a href="https://www.tradingview.com/chart/NOTUSDT/SVlUkDCA-NOTUSDT-is-approaching-an-important-resistance-area/" target="_blank" rel="noopener noreferrer nofollow">JoeChampion,&nbsp;on TradingView, </a>thinks Notcoin (NOT) will continue to decline based on the ongoing bearish price action. Based on his analysis, Notcoin is currently in a downward trend and going through a correction phase.</p>
<p>The trader has spotted an important resistance level around $0.0172, which matches up with a descending trend line. This combination of technical factors suggests the ongoing pullback could be stopped at this critical point.</p>
<p>JoeChampion states, <em>“We are monitoring NOTUSDT for a selling opportunity around $0.017200 zone.” </em>He further adds, <em>“NOTUSDT is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.017200 support and resistance area.”</em></p>
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<h2 class="wp-block-heading" id="potential-for-a-further-25-decline">Potential for a Further 25% Decline</h2>
<p>The chart provided by JoeChampion indicates that if the price fails to break above the $0.017 resistance level, Notcoin could experience a continued downtrend, suggesting a 25% decline to around $0.012.</p>
<p>JoeChampion’s chart reveals a clear overall downtrend for Notcoin. The current retracement is seen as a temporary move against the primary trend, with the $0.017 level acting as both a resistance and a point of interest for potential selling opportunities.</p>
<p>The trader notes, <em>“Decent consolidation towards the trend, will be watching the price action shortly.” </em>This statement indicates that JoeChampion is closely monitoring the price action near the identified resistance level for confirmation of the bearish scenario.</p>
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<h2 class="wp-block-heading" id="caution-advised-for-traders">Caution Advised for Traders</h2>
<p>While the analysis presents a compelling case for potential selling opportunities, JoeChampion emphasizes the importance of risk management. He concludes his analysis with a reminder to “Trade safe,” highlighting the volatile nature of cryptocurrency markets and the need for cautious trading practices.</p>
<p>As Notcoin approaches a critical resistance level, traders and investors should remain vigilant. The confluence of technical factors, including the descending trendline and the $0.017200 resistance zone, suggests that NOTUSDT could be at a turning point. If the bearish scenario plays out as JoeChampion anticipates, Notcoin may face further downside risks, with a potential 25% drop to $0.012 on the horizon.</p>
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<p>The post <a href="https://captainaltcoin.com/notcoin-not-faces-further-downside-risks-as-price-could-drop-25-heres-the-outlook/" rel="noopener noreferrer nofollow">Notcoin (NOT) Faces Further Downside Risks as Price Could Drop 25% – Here’s the Outlook</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Notcoin (NOT) Faces Further Downside Risks as Price Could Drop 25% – Here’s the Outlook

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