Notcoin price prediction: NOT, a Telegram-based altcoin, has seen notable volatility over the past 24 hours. The market opened today’s trading in a bullish trend; however, the price fluctuations have been marked by both gains and retractions. According to data from CoinMarketCap, Notcoin price is trading at $0.01534, with a 1-day increase of 0.22%.
This change accompanies a significant increase in trading volume, up 15.23% at approximately $560 million, suggesting heightened activity among traders. Currently ranked 53 by market capitalization, Notcoin’s market cap is $1.6 billion, highlighting its growing presence in cryptocurrency.
Notcoin Price Prediction: Anticipating the Next Market Move
The telegram-based altcoin has seen a notable price surge over the past 30 days, mounting a surge of 184%, driven primarily by significant positive sentiment among investors. This uptick saw the NOT price hit an all-time high of $0.02896 on 2nd June, trading between $0.014 and $0.016 throughout the day.
The volume of transactions also spiked considerably, indicating a robust trading activity that contributed to the heightened volatility and investor interest. However, over the past week, Notcoin price has seen a slight market correction, slipping by about 10% from its peak. However, with the current market recovery and renewed interest from traders, Notcoin’s prospects remain optimistic.
Notcoin has recently garnered significant attention following a surge in Telegram Coins. This interest spike has prompted a flurry of investments in NOT. While the latest Notcoin airdrop has been marred by controversy, the allure of acquiring tokens through airdrops remains potent. The most recent Notcoin airdrop, which concluded on June 16, stirred interest and scrutiny within the crypto community.
Technical Indicators For NOT Shows Mixed Trend
Notcoin is currently on a recovery trajectory, which might signal the beginning of a bullish phase. If this trend continues, it is expected that Notcoin will break through the resistance at $0.018. This could pave the way for a rise toward the $0.02 mark, with the potential to reach as high as $0.1 if the momentum holds.
Conversely, If the market sentiment declines, Notcoin’s price consolidates around $0.015. Any further decreases might lead to a drop to approximately $0.013, highlighting the inherent volatility of the crypto market.
The daily technical indicators for Notcoin exhibit a notable trend, as evidenced by recent XRP/USD chart activity. The Relative Strength Index (RSI), currently at 36, leans towards the higher end of the oversold zone.
The Moving Average Convergence Divergence (MACD) indicator presents a narrowing histogram in red, signaling a reduction in bearish momentum with values hovering just above the baseline. This setup indicates a potential equilibrium or mild positive shift in Notcoin’s market sentiment. The Average Directional Index (ADX) reading of 36 suggests weakness in the prevailing trend.
The post Notcoin Price Prediction: Reasons Airdrops Could Boost NOT To $1? appeared first on CoinGape.
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