In this article:
- Arrest of Telegram founder causes Notcoin price to drop 25%
- Notcoin Price Is About To See A Big Drop
- Price could rise if it stays above a key level
Telegram Founder’s Arrest Hurts Notcoin
Pavel Durov, the founder of Telegram, has been arrested. He now faces 12 serious charges. This has caused problems for Notcoin. Notcoin is linked to Telegram. In three days, the price of Notcoin has dropped by 25%. It has fallen to $0.0086. The total value of Notcoin has dropped to $887.2 billion.
Durov was arrested on August 27, 2024. It happened at an airport near Paris. The charges are very serious. He is accused of helping to run a website for illegal things. He is also accused of failing to help the police. Other charges include photos of children and drugs. He is also accused of computer crimes.
How this affected the price of Notcoin
The news about Durov hurt Notcoin a lot. The price had already been falling for three months. On the charts, it looked like two lines coming together. The price bounced between these lines. This is called a “falling wedge” pattern.
Notcoin price is now very close to the bottom line. If it breaks below this line, the price could fall further. It could drop by another 42%. This would bring it to around $0.046. This is worrying for people who own Notcoin.
What could happen to Notcoin next?
Things seem to be going badly for now. But there is still hope for Notcoin. Sometimes, this “falling wedge” pattern means that prices are going to rise soon. If the price stays above the lower line, it could start to rise.
If this happens, Notcoin’s price could break through the upper line. This could push the price up. It could reach $0.018. But it depends on what happens with Durov’s legal issues. It also depends on how much trust people still have in Telegram-related cryptocurrencies.
What this means for cryptocurrency fans
The Notcoin case shows how quickly things change in the cryptocurrency world. When big names run into trouble, cryptocurrency prices can drop quickly. It’s important to stay informed. Be prepared for sudden changes.
If you like Notcoin, keep a close eye on the Durov court case. The outcome could significantly change Notcoin’s future. Also, keep an eye on the price charts. Watch for the lowest price in the descending wedge. If the price stays above this level, Notcoin could rally.
To sum up, Notcoin is in trouble because of Durov’s legal troubles. But its future is not yet set. Cryptocurrency prices change a lot. Things can change quickly. We don’t know if Notcoin will continue to fall or rise again. This shows how external events can really affect cryptocurrency values.
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