After remaining bullish for a couple of days, the bears appear to have begun exhibiting their strength. As a result, the Bitcoin (BTC) price and other popular tokens have slumped below their crucial support levels. In the meantime, newly launched tokens, like Notcoin and Gamestop have been displaying significant strength. Hence, a continued upswing is expected to prevail for a while, marking new highs.
Notcoin Price May Undergo an 8% Dump Within a Bullish Trend
Notcoin continues to attract the attention of market participants with its innovative approach and strong community support. Its unique strategies and continuous development have made it a notable contender in the altcoin space. Notcoin has just entered the top 100 by surging over 150%, making it the 12th most traded asset among all.
Now that the NOT price has set new highs, will it continue to maintain the ascending trend or face an inverse action?
The NOT price has been ranging significantly high as the bulls appear to have held a tight grip over the rally. After consolidating along 0.78 FIB levels for a while, the price triggered a fine upswing towards 1 FIB levels. However, the rally is yet to surpass, which may happen anytime from now. With this, the price is expected to be for new ATH at around $0.015, probably in the first few days of June.
GameStop (GSTOP) Aims to Hit $0.006 in Next 24 Hours
This is not the GameStop (GME) token but a meme coin on the Solana chain designed to celebrate the iconic GameStop short squeeze of 2021. Within less than a week of its inception, GSTOP prices have soared heavily by over 180%, maintaining a strong bullish trend.
The GSTOP price appears to have gained significant bullish momentum and, hence, is believed to mark a fresh upswing. However, the volumes fluctuate, which does not point towards a healthy rally. Therefore, the price may be considered to be under bullish influence if the volatility remains within average levels. Until then, the fear of a rug pull could remain, which usually happens when the profits are extracted at once.
