{"id":317439,"date":"2024-06-05T21:47:29","date_gmt":"2024-06-05T16:17:29","guid":{"rendered":"https:\/\/dripp.zone\/news\/reasons-meme-coin-crashing-suddenly-crypto-news\/"},"modified":"2024-06-05T21:49:36","modified_gmt":"2024-06-05T16:19:36","slug":"reasons-meme-coin-crashing-suddenly-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/reasons-meme-coin-crashing-suddenly-crypto-news\/","title":{"rendered":"Reasons Meme Coin Crashing Suddenly – Crypto News"},"content":{"rendered":"

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Notcoin Price Prediction: Crypto\u2019s most viral meme coin<\/span><\/a> is back in the red after leading a profound rally since last week. Notcoin sellers are gradually trimming the 302% fortnight gain, leaving bulls gasping for air.<\/p>\n

The token still sustains a 120% increase in value in the last seven days but the last 24 hours have been intensely bearish, with declines reaching 12% during US business hours on Wednesday.<\/p>\n

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Before the correction, NOT surged to achieve a new all-time high of $0.02836. Investors who purchased the viral tap-to-earn meme coin at an all-time low of $0.004611 are up more than 300% on their initial investment.<\/p>\n

Why Is Notcoin Falling?<\/h2>\n

Profit-taking is one of the major factors causing instability in the market. Early investors are quick to cash out for profit, which they are likely to distribute to Bitcoin<\/span><\/a> and other established altcoins.<\/p>\n

Following the incredible rally last week, headwinds were expected. Now, Notcoin<\/span><\/a> as an uphill battle to prove to investors that it can hold its value. This will attract interest from traders who are likely to bet on the next breakout to a new all-time high.<\/p>\n

Amid the volatility, Notcoin hovered at $0.02116. The technical structure hints at the downtrend continuing in the coming sessions.<\/p>\n

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Similarly, investors seem to have turned to more established meme coins, some of which spiked in double digits on June 5. Floki<\/a> hit a new all-time high, and is sustaining a 17% surge in the last 24 hours.<\/p>\n

CoinGecko<\/a><\/span> shows bullish movements in Shiba Inu<\/span><\/a>, dogwifhat, Brett, Joe Boden, and Myro.<\/p>\n

Notcoin Price Prediction: Can Bulls Fight For Recovery?<\/h2>\n

The path of least resistance is strongly inclined downwards, especially with NOT price sliding below the 20-day Exponential Moving Average (EMA) in blue. Backing the bearish outlook is a vivid sell signal from the Moving Average Convergence Divergence (MACD) indicator.<\/p>\n