Analyst Predicts New Support Level for Notcoin in Bearish Market

• Popular analysts map a potential new foothold for Notcoin amid a bearish market.
• Notcoin’s launch of engaging Telegram games boosts community trust and accessibility.

In the middle of declining market valuations, a well-known crypto analyst has identified potential levels where the Notcoin (NOT) token could find a new foothold. In a tweet, renowned analyst UNKNOWN TRADER shared a daily timeframe chart of the NOT token.

$NOT pic.twitter.com/kFgaLmPkah

— UNKNOWN TRADER (@Learnernoearner) July 30, 2024

Analyst Predicts Lower Low for Notcoin Amid Bearish Market 

Despite the bearish market, the analyst believes NOT will continue to slide, maybe creating a lower low before rebounding around the important support level of $0.007812. Bitcoin, a significant cryptocurrency, is the reason why the market is currently in a slump, and it has a big impact on smaller cryptocurrencies like Notcoin.

At the time of writing, the Notcoin token was trading around $0.009258, down 17.61% over the last 24 hours, while daily trading volume increased by 149.76% to $430.42 million. This significant rise in volume implies strong and severe bearish sentiment.

On the other side, CNF previously reported that Notcoin has created Not Games, which aim to enhance community trust through high-quality, entertaining Telegram games. This launch not only provides new regulations, but also promises to provide an amazing gaming experience.

Furthermore, as we previously highlighted, Trust Wallet now supports Notcoin and other TON jettons, increasing user accessibility.

This allows Trust Wallet users to store, send, buy, and sell Notcoin directly from the app. This integration with Trust Wallet is expected to dramatically increase Notcoin’s user experience and reach.

Such advances are regarded as critical to retaining user interest and building a devoted community, especially during market downturns. As Notcoin navigates this trying phase, its recent actions and community support will be critical to its possible recovery and future growth.