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Notcoin price analysis: NOT price surged even higher in the wake of the launch of the ‘Earning Missions’. Notcoin’s price traded around $0.012 during European business hours on Friday, a 2.5% increase in 24 hours and a 158% increase in 7 days, per CoinGecko’s data.
NOT market cap hit $1.2 billion for the first time, inspiring optimism among investors and airdrop claimants who did not sell at the Token Generation Event (TGE). Furthermore, NOT 24-hour trading volume is up 9.8%, signaling a recent rise in market activity.
Notcoin Price Analysis: Community Remains Bullish as NOT Price Prepares For 30% Gains
NOT price is currently trending way above the 50-day simple moving average (SMA) signifying strong bullish momentum. The price extended its previous gains by 51% and hit a new daily high of $0.0132 before cooling down.
On the 4-hour chart, Notcoin price has found some support around the 0.5 Fibonacci (fib) retracement level around $0.011. This level has been tested twice in the past 12 hours, making it a relatively strong support.
NOT price is expected to bounce off this support level and make a run for the 0.27% Fibonacci extension level. This would add 21% to the price of NOT, setting it around $0.0145. On the daily chart, the fib levels place the 0.27 extension around $0.0155, a whopping 31% from the current NOT price.
Notcoin price has been making higher highs and lower highs for the past week, further reinforcing the bullish market sentiment. On its way up, NOT may encounter key resistance points around $0.0132, $0.0145, and $0.0156.
In an inverse scenario, key support areas for NOT price to bounce off are around the $0.011 and $0.0085 price levels.
Earning Missions Fuel the Hype Around Notcoin
The launch of Notcoin’s Earning Missions revived optimism among NOT investors, resulting in a price surge. In addition to the immense love from the overly active community, and the readily available telegram ecosystem, NOT price was influenced by direct listing on multiple tier-1 centralized exchanges.
This indicated strong financial backing and resilience, something big investors like to see in a project. Notcoin is now in the top 100 biggest cryptocurrencies by market cap.
Bottom Line
The rise of Notcoin is proof that the crypto industry is ever-evolving. As NOT price continues to soar higher, other replica projects such as Tapswap (TAPS) are preparing to launch to snatch a piece of the Tap-to-Earn niche market share.
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