In This Post:
- Telegram founder’s arrest causes Notcoin price to fall 25%
- Notcoin price is close to a big drop
- Price might go up if it stays above a key level
Telegram Founder’s Arrest Hurts Notcoin
Pavel Durov, who started Telegram, was arrested. He now faces 12 serious charges. This caused problems for Notcoin. Notcoin is linked to Telegram. In three days, Notcoin’s price fell by 25%. It went down to $0.0086. Notcoin’s total value dropped to $887.2 billion.
Durov was caught on August 27, 2024. It happened at an airport near Paris. The charges are very serious. They include helping run a website for illegal things. He’s also accused of not helping the police. Other charges are about child photos and drugs. He faces computer crime charges too.
https://x.com/_Mayorlee_/status/1828247894228422821
How This Hit Notcoin’s Price
The news about Durov hurt Notcoin badly. The price was already going down for three months. On charts, this looked like two lines getting closer. The price bounced between these lines. This is called a “falling wedge” pattern.
Now, Notcoin’s price is very close to the bottom line. If it goes below this line, the price might fall more. It could drop by another 42%. This would take it to about $0.046. This worries people who own Notcoin.
What Might Happen to Notcoin Next
Things look bad now. But there’s still hope for Notcoin. Sometimes, this “falling wedge” pattern means prices will go up soon. If the price stays above the bottom line, it might start rising.
If this happens, Notcoin’s price could break through the top line. This could make the price go up. It might reach $0.018. But this depends on what happens with Durov’s legal troubles. It also depends on if people still trust coins linked to Telegram.
https://x.com/MilkoTV_/status/1828014200381137283
What This Means for Crypto Fans
The Notcoin case shows how fast things change in crypto. When big names get in trouble, coin prices can fall fast. It’s important to stay informed. Be ready for sudden changes.
If you like Notcoin, watch Durov’s legal case closely. The result could change Notcoin’s future a lot. Also, keep an eye on the price charts. Watch the lowest price in the falling wedge. If the price stays above this, Notcoin might recover.
To sum up, Notcoin is in trouble because of Durov’s legal issues. But its future isn’t set yet. Crypto prices change a lot. Things can turn around fast. We don’t know if Notcoin will keep falling or go back up. This shows how outside events can really affect crypto values.
