Notcoin price prediction: NOT started as a viral Telegram game and has seen a significant price surge in the past 24 hours. The Notcoin price is currently priced at $0.00914, reflecting a remarkable 51.72% increase in just one day. This surge has brought its market capitalization to approximately $938 million, securing its position at 94 in market rankings.

The trading volume for Notcoin has also experienced a substantial boost, increasing by 409.45% to $1.18 million in the last 24 hours. This high trading volume indicates a strong interest and demand for the token, with its volume-to-market cap ratio standing at an impressive 125.46%.

Notcoin Price Prediction: Bullish Sentiment and Market Trends

Over the past week, the NOT coin price has surged more than 66%, driven by increased investor confidence and positive market sentiment. The Notcoin price has been trading in a range of $0.004 to $0.009, showcasing significant volatility. 

Notcoin Price Prediction

The NOT price surge follows a recent airdrop, with open interest soaring past $100 million and short liquidations exceeding $4.4 million. This remarkable growth coincides with the rising popularity of Notcoin, a play-to-earn Web3 game hosted on Telegram. Users can convert their in-game currency to NOT tokens, attracting significant interest from Telegram’s vast user base.

Renowned cryptocurrency trader Zen predicts bullish sentiment for NOT in the mid-term. “Long-term depends on the market, but most probably also bullish. Dips are for buying,” the analyst added.

Following the airdrop, Notcoin’s social sentiment surged, bringing it back into the spotlight. The project’s team recently compared Notcoin to Bitcoin, marking this milestone with the announcement of the NOT Airdrop Phase. This comparison has further fueled interest and speculation around NOT’s future performance.

Technical Indicators Show Bullish Momentum

Notcoin is showing signs of strong upward momentum, suggesting the possibility of entering a bullish phase soon. If the current trend continues, NOT may break through the $0.01 resistance level. This upward trajectory shows its value nearing the $0.02 mark, reaching $0.03 in the foreseeable future.

If market sentiment shifts towards negativity, Notcoin’s value might find support at $0.009. A prolonged downturn could see the price decline further to approximately $0.008, highlighting the cryptocurrency market’s inherent volatility.

The 4-hour technical indicators for the Notcoin price reveal a bullish trend as cryptocurrency significantly rises.  The Relative Strength Index (RSI) currently stands at 81.12, which places it in the overbought territory. This high RSI value suggests that the asset has experienced strong buying pressure. 

Notcoin Price Prediction| Source: Tradingview

Additionally, the Moving Average Convergence Divergence (MACD) indicator displays a positive trend. The MACD line is above the signal line, and the histogram shows increasing positive values, reinforcing the bullish sentiment. This convergence and the upward trajectory of the MACD line suggest continued strength in the market.

The Chaikin Money Flow (CMF) indicator is positive at 0.5, suggesting strong buying pressure in the market. Similarly, the Awesome Oscillator (AO) shows a value of 0.002614, further indicating bullish momentum.

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Filed under: News - @ May 28, 2024 10:26 am