The post Notcoin Changed Market Rules: The Impact on Major Altcoins and Which Old Token Can Lead the Bull Run Again? appeared first on Coinpedia Fintech News
The emergence of Notcoin (NOT) has disrupted the crypto market dynamics. Major altcoins are feeling the impact, prompting a reevaluation of their positions. This article delves into how these changes affect well-known tokens and explores which ones have the potential to lead the current bull run in 2024. Discover the shifts in the market landscape and uncover the tokens that might rise to prominence again.
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Notcoin (NOT) is presently trading between $0.0159 and $0.0231. Despite a recent dip of 6.39% in the last week, NOT has seen significant gains over the past month, up 158.50%, and a remarkable 798.10% increase over six months. With an RSI of 33.64 and Stochastic at 8.35, the coin shows oversold conditions, indicating potential for upward movement. However, its current MACD of -0.000559 suggests it remains in a corrective phase.
SOL is currently in a price range of $139.53 to $163.01. Over the last week, SOL dropped by 9.84% and by 13.69% in a month. Despite recent dips, it has risen by 100.29% in six months. Presently, the coin is experiencing corrective moves, with the Relative Strength Index at 44.26 and a low stochastic of 12.97. The nearest support is at $127.85 and the closest resistance is at $174.81.
Avalanche (AVAX) is currently priced between $28.24 and $32.91. It faces resistance at $35.79 and support at $26.43. Over the past week, AVAX dropped by 12.03%, and over the past month, it declined by 20.30%. With a six-month decrease of 26.91%, the coin is in a corrective move. The 10-day moving average is $29.43, while the 100-day is $30.55, indicating a short-term downtrend. The RSI at 31.13 suggests potential oversold conditions.
Polkadot (DOT) is currently trading between $5.94 and $6.87. The 10-day and 100-day Simple Moving Average stand at $6.29, indicating stable short-term and long-term pricing. The Relative Strength Index is 38.41, showing the coin is neither overbought nor oversold. Over the past week, DOT’s price dropped by 4.90%, and over the past month, it fell by 13.63%. These declines suggest a corrective phase. Nearest resistance is at $7.36, while support is at $5.50.
Recent changes in the market landscape show that NOT, SOL, AVAX, and DOT have less potential in the short term. Attention should be on CYBRO, known for its unique earn marketplace leveraging the Blast blockchain technology. With its first release set for Q2 2024, CYBRO offers early investors favourable entry through its token presale. This positions CYBRO as the leading contender for the next major bull run.