Notcoin Price Prediction: NOT Price Can Break ATH If This Happens

by

As a crypto investor with experience in the TON ecosystem, I’m bullish on NOT’s potential for significant price growth. The recent price drop to $0.01398 following a 4.5% decline over 24 hours and decreased trading volume is concerning, but it’s important to note that NOT has a solid support level around $0.0136.

Analysis of NOT Coin’s Recent Price Movement: The value of NOT hit $0.01398 during European trading on Tuesday, marking a 4.5% decrease in its price over the previous 24 hours. Simultaneously, there was a substantial 14% reduction in NOT’s 24-hour trading volume. Despite this bearish trend, technical indicators suggest a bullish pattern that could potentially push NOT beyond its all-time high price if the upward momentum continues.

Notcoin Price Prediction Hints A Path to $0.037

Notcoin Price Prediction: NOT Price Can Break ATH If This Happens

Over the past two weeks, I’ve observed a stabilization in the price action of this asset, with a sideways trend and decreased trading volume. However, it’s essential to note that this is not an indication of market exhaustion. Instead, a robust support level has emerged around $0.0136 during this period.

As a crypto investor, I’m closely monitoring the price action of NOT. Based on my analysis, the token is currently trading below both its 50-day and 200-day simple moving averages on the 4-hour chart. Additionally, the 14-day relative strength index (RSI) sits at around 43, which is below the mid-level. These two indicators indicate that NOT’s price action isn’t exhibiting bullish signs at the moment.

In simpler terms, Notcoin is currently trading near its lowest point within its price range, but there’s potential for it to increase by approximately 18%, reaching a high of around $0.01778 if bullish trends continue.

Notcoin Price Prediction: NOT Price Can Break ATH If This Happens

From a broader perspective, the bullish case for Notcoin gains strength as it nears the conclusion of a one-month descending triangle pattern. Should NOT’s price fail to breach this chart formation, there is potential for a substantial 109% price increase, reaching $0.0294 – its previous peak from last year.

Additionally, the present price aligns precisely with the 0.618 Fibonacci retracement level, adding credibility to the existing foundation. A potential rebound could propel NOT’s price toward the $0.038 mark, which represents the 0.27 Fibonacci extension level. This jump would surpass the previous all-time high by approximately 170%.

As a crypto investor, I’ve noticed that despite a decrease in trading volume over the past day, data from Coinalyze reveals an intriguing development: NOT’s open interest has risen by 2.49%. This growth was driven by approximately two-thirds of traders (69%) who have taken a long position on Notcoin across various exchanges. In simpler terms, the majority of traders are buying and holding Notcoin in expectation of its price surge, signaling potential optimism for this asset’s future value.

Can Notcoin Sustain Gains Against New Competitors?

As a crypto investor, I’ve noticed an intriguing trend emerging in the TON blockchain following Notcoin’s remarkable success within gaming and meme coin communities. A multitude of tap-to-earn projects have sprung up, and some, such as Hamster Kombat with 150 million users and 46 million daily active users (DAUs), and Tapswap with 50 million users and 17 million DAUs, are showing promising signs that they could potentially surpass Notcoin’s impact.

In order to stay prominent in the TON gaming sector, Notcoin is addressing the need to remain relevant. The team has introduced earnings missions as a solution, and more recently, they destroyed 210 million NOT tokens valued at over $3 million.

With constant development, Notcoin may remain the largest tap-to-earn gaming project on Telegram. 

Bottom Line

The analysis of Notcoin’s price shows promising signs that it could exceed its previous record high (ATH) under certain market circumstances. As a significant token on the TON blockchain, Notcoin’s value has been attracting investors due to the expanding gaming and meme coin market. This is evident from the lively community engagement and enthusiasm surrounding the token.

Read More

2024-07-02 10:04