The post Notcoin (NOT) Price: Shows Strong Performance with 19% Gain and Volume Surge appeared on BitcoinEthereumNews.com.

TLDR: Notcoin (NOT) has surged 14-19% in the past 24 hours, reaching $0.0085 Trading volume increased by 130.68% to $403.29 million Analyst Ali Martinez predicts a potential rise to $0.12 following a falling wedge breakout Open Interest hit a 3-month high of $145.03 million, indicating strong investor confidence Positive funding rates suggest traders are predominantly taking long positions Notcoin (NOT) has recorded a 19.71% price increase over the past 24 hours, reaching $0.0085. The surge comes alongside an increase in trading volume, which jumped by 130.68% to reach $403.29 million. The recent price action marks a departure from the token’s recent consolidation phase, which followed a breakout from a falling wedge pattern identified earlier this month. This technical formation, typically considered bullish by market analysts, has drawn attention from traders and investors alike. NotcoinNOT Price Market data shows that Notcoin has maintained positive momentum across multiple timeframes. Weekly charts indicate a 14.79% increase, while monthly performance shows a 13.03% gain. These metrics suggest sustained buyer interest across different trading periods. Open Interest data provides additional context to the current market structure. The metric has reached a three-month high of $145.03 million, representing a 20% increase. This surge in Open Interest typically indicates that new money is flowing into the market, often preceding further price movements. Trading activity analysis reveals that funding rates have remained consistently positive over the past week. This metric suggests that traders holding long positions are willing to pay a premium to maintain their bullish bets, indicating overall market confidence in upward price movement. The Moving Average Convergence Divergence (MACD) indicator currently sits above both its signal line and histogram, supporting the bullish narrative. This technical setup traditionally signals strong upward momentum and suggests the potential for continued price appreciation. The Relative Vigor Index (RVGI) has recently…

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Filed under: News - @ November 25, 2024 12:22 pm