After an impressive rise in the first month after its launch, the project's token Notcoin (NOT) is facing difficulties that could threaten its future. Notcoin's price has fallen by 36% in the last month.
Notcoin is the first major Telegram project with a tap-to-earn scheme. In May, the developers launched the NOT token and conducted a large-scale airdrop, which led to a short-term drop in value. In June, the Notcoin rate reached a maximum of $0.028, but is now trading 78% lower at $0.0075.
Resistance at $0.0085 and $0.0090 makes recovery difficult. To rally, NOT must first break support at $0.0078 and resistance at $0.0082. The MFI shows low buying interest (19.84), making recovery unlikely anytime soon.
The daily chart confirms the weak growth outlook in the short term.
Podpishis! @Sasha why NOT