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Notcoin faces a strong resistance and reduced trading volumes, which will make it difficult to recover.
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Polygon is influenced by resistance at recent peaks that has impacted its bearish trend.
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Celestia gains support in the short term, but could face further declines near key prices.
Several cryptocurrencies have seen their prices drop, including Notcoin(NOT), Polygon(MATIC), and Celestia(TIA). Investors are watching closely to see if the tokens have reached a low point or if there are more drops expected.
Notcoin (NOT), has seen a price drop of 4.87% and is now at $0.008435. This decline is accompanied by an even more dramatic fall in trading volume, which has shrunk to $136,297.764. Reduced trading volume is due to a decreased interest in the market as shown by the drastic drop in volume.
As of the time of publication, Notcoin appeared to have a temporary level of support around $0.0084. The price has risen slightly from this support level, which indicates some buying interest. A stronger support level could be around $0.0083. This has historically been a floor that the price has sat on.
The resistance remains high at $0.0087 and $0.090, making recovery difficult. The psychological resistance at $0.0090 continues to be a barrier to any upward movement. Notcoin is therefore facing significant obstacles to a recovery.
Polygon (MATIC), too, has seen a drop in price of 2.34% as well as a 17.93% decrease in trading volume.
The MATIC price has shown some consolidation in the past, before a slight rise. This support level may become critical if the price continues to fall.
The resistance is visible at the recent high before the decline, which was around $0.4450. This level could hinder any recovery attempts. The MATIC bearish trend continues, with critical support and significant resistance levels determining its near-term outlook.
Celestia (TIA), too, is not immune from the current market downturn. The token is now trading at $4.55, a drop of 5.20%. This decline can be seen in both the volume, which is down 16.56%, as well as the market cap, which is down 5.10%.
The price peaked at $4.7822 before it began its downward trajectory. The token is currently finding some short-term stability around $4.55.
The recent decline may be due to previous resistance around $4.70. The next important support level to watch is near $4.50. This psychological level could offer additional support.
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