As an experienced analyst, I have closely monitored the Notcoin price action and its meteoric rise over the past few days. Noticing the 89% surge in price and hitting a new high of $0.029, I’m bullish on NOT‘s future potential.
Analysis of NOT Price: The price of NOT experienced another surge, adding up to 89% to its previous gains and reaching a new peak of $0.029. On Monday during European trading sessions, NOT price was at around $0.02143, marking a 22.3% increase in the last day and an impressive 302% rise over the past week. A vast majority of CoinGecko users, approximately 90%, express bullish sentiments towards NOT while only 10% hold opposing views.
Notcoin Price Analysis: Bulls Look to Break Previous All-Time High Price as NOT Takes a Breather
The Notcoin price is currently soaring well above its 50-day and 200-day simple moving averages, signaling a bullish outlook for potential investors. At present, the price has pulled back to touch the $0.021 mark, which represents the 0.5 Fibonacci retracement level. This significant retracement level frequently functions as a source of support during the asset’s price exploration phase.
If we experience a drop in price from the current level, the $0.034 mark represented by the 0.27 Fibonacci extension may not be reached. This level is approximately 7% below the prior record high price.
The memecoin NOT has been making significant strides in the cryptocurrency market recently, with its price driving impressive gains as it breaks into the top 100 coins on CoinGecko. At present, NOT holds a rank of 58, having climbed an impressive 42 positions over the past week.
As you ascend, there is a possibility that encountering some resistance near $0.032, $0.043, and $0.057. Alternatively, significant support levels might be found around the 50-day Simple Moving Average ($0.019) and the 200-day Simple Moving Average ($0.0123).
NOT Price Future Outlook
In the world of cryptocurrencies, Toncoin, the gaming token with a Ton foundation, aspires to reach new heights. Meanwhile, some crypto analysts are forecasting a peak in the asset’s value. Tryrex, an experienced trader on platform X, believes that the surge in Notcoin’s price has come to an end. He points out that the token recently reached a blow-off top, which was around $0.029.
The pump on $NOT has ended as its price peaked unusually high at 0.0294, signaling the conclusion of its upward trend. I’m considering going short once the price rebounds slightly.
I’ll keep you updated. #Notcoin #NOT
— Tryrex (@Tryrexcrypto) June 2, 2024
Approximately two weeks have passed since Notcoin’s launch, but it has encountered significant selling pressure due to numerous airdrop recipients attempting to cash out. However, much like Celestia’s (TIA) airdrop, the developers introduced an innovative feature, sparking renewed curiosity among investors.
The market value of securities that don’t meet certain criteria has surged past $2.24 billion, with trading volume soaring by 194% to reach an astounding $4.96 billion within the last day, indicating heightened market engagement.
Bottom Line
As the price momentum of Notcoin begins to ease up, I, as a bullish investor, see an enticing chance to surpass the previous all-time high, which lies about 26% above the current price. The crypto community is just now grasping the immense potential of Notcoin, and there’s been a surge in buying activity.
Read More
- BTC PREDICTION. BTC cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- BCH PREDICTION. BCH cryptocurrency
- MNT PREDICTION. MNT cryptocurrency
- Best Goomba Characters In Mario Games, Ranked
- SOL PREDICTION. SOL cryptocurrency
- USD RUB PREDICTION
- Destiny 2 Player Transforms Their Warlock Into Team Fortress 2’s Medic
- USD PHP PREDICTION
- ETHW PREDICTION. ETHW cryptocurrency
2024-06-03 08:52