Impact on Notcoin and PAAL AI
Since Durov’s arrest, the price of these tokens has taken a hit. Notcoin (NOT) has lost 20% of its value in the last 24 hours. Similarly, PAAL AI (PAAL) has lost almost 8%. The future of these tokens is now uncertain. Many wonder whether they will recover or face further losses.
Notcoin price difficulties
On August 22, Notcoin was trading at $0.010. There were early signs that it could rise again to $0.012. However, this uptrend was cut short by news of Durov’s arrest.
Currently Notcoin is trading at $0.0095 and is falling below the downtrend line. This decline is simply Durov’s arrest. A broad market sell-off also contributed, likely triggered by events in France where Durov was detained.
Notcoin Market Indicators
Several market indicators point to further declines. Notecoin. One of the key indicators is Bull Bear Power (BBP), also known as the Elder Force Index (EFI). BBP is a tool that shows whether buyers or sellers have more power in the market.
- Positive BBP: Buyers (bull) have the upper hand.
- Voice BBP: The seller (bear) has the upper hand.
Currently, Notcoin’s BBP is in the negative zone. This suggests that sellers are stronger and selling pressure is increasing. If this pressure continues, the price of Notcoin may fall even further.
Another important tool is the liquidation heatmap, which shows the price levels at which large liquidations may occur. liquidity At a certain price, the price is more likely to move to that area. Currently, Notcoin has high liquidity around $0.0090. If the selling continues, the price may fall to this level.
The decline of PAAL AI and the market response
PAAL AI also felt the impact of Durov’s arrest. Before the incident, PAAL was trying to reach $0.23. However, the arrest caused the price to drop sharply and fall to its current value.
that Relative Strength Index (RSI)Another market indicator supports this trend. The RSI measures market momentum and helps predict future price movements. It was approaching the neutral level of 50.00, which indicates a balance between buyers and sellers. PAAL was gaining momentum and pushing towards $0.23. However, the news of the arrest reversed this trend and the price fell.
As things stand, if Durov’s detention continues, the price of PAAL could drop to at least $0.15.
Market optimism and potential rebound
Despite the decline, there is still hope among cryptocurrency traders. Some believe that Pavel Durov, who is said to have a net worth of $15 billion, could soon be released. In particular, popular trader Daan Crypto Trades expressed optimism about Durov’s release.
If Durov is released, the prices of tokens linked to Telegram could rise. NOT could go back up to $0.012 and PAAL could try to reach $0.30.
The arrest of Pavel Durov has caused considerable confusion in the Telegram-related cryptocurrencies. Current market indicators suggest further declines for both Notcoin and PAAL AI. However, there is a glimmer of hope. If Durov is released, we could see a strong rally in these tokens. The next few days will be crucial in determining their future direction.
Current Price and Forecast Summary
|
token |
Current price |
Potential low |
Potential High (if Durov is released) |
|
Notecoin |
$0.0095 |
$0.0090 |
$0.012 |
|
Arm AI |
$0.15 |
$0.15 |
$0.30 |
Investors should pay close attention to news developments and market indicators. The situation is still fluid, and the future of this Telegram coin is in the balance.