With the Bitcoin price hovering close to its $65k level, the altcoin market has regained momentum. However, the Toncoin ecosystem has displayed increased price volatility with TON coin constantly recording a bearish price action.
With the change of interest among the investors, is this a crucial time to swap your Toncoin holdings with Notcoin? Moreover, will Toncoin hold its position among the top 10 cryptocurrencies or will it lose its value this month?
TON Price Retests Its Important Support Level!
The Toncoin price continues trading under a bearish sentiment by losing 1.86% in the past 24 hours and 7.77% during the past month. However, with a market cap of $13.166 billion, it has maintained its 10th position in the market.
The MACD indicator has recorded a constant decline in the red histogram. Further, it hints at a possible Golden Cross. With the SMA constantly supporting the TON price chart in the 1D time frame, this altcoin highlights an increase in the bullish sentiment.
If the market favors the bulls, the TON price could regain momentum and test its resistance level of $6.415 this month. However, if the bears outrun the bulls, this could result in the price retesting its low of $4.
Make Or Break Situation For NOT Price?
The Notcoin price has defied all odds and is presently the best performer of the Toncoin ecosystem. Notably, it has added 6.91% in the past day with a trading volume of $209.76 million. Moreover, it has jumped 9.28% over the past week and 11.13% during the past 30 days.
The EMA 50-day is on the verge of experiencing a bullish convergence, indicating increased buying pressure within the market. Moreover, the RSI indicator continues trading above the mid-point, suggesting a positive outlook this month.
Pushing the value above the resistance level of $0.00925 could set the stage for the Notcoin price to test its upper resistance level of $0.0140 during the upcoming weeks. On the flip side, a bearish pullback could result in it plunging toward its low of $0.00455.
Concerned about the long-term prospects of this Toncoin-based project? Read our Notcoin (NOT) Price Prediction 2024 – 2030
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