Notcoin Price Forecast: Can It Hit $0.05 With Rising Tap-to-Earn Game Popularity?

Notcoin price forecast: NOT, a popular Telegram-based cryptocurrency, has experienced a notable price surge over the past 24 hours. This comes after a market recovery following price fluctuations earlier in the week. According to CoinMarketCap data, Notcoin price has increased by 7.50%, reaching $0.0195.

The resurgence in its market value coincides with a remarkable increase in trading volume, which has escalated by 128.51% to $1.3 billion, highlighting a revitalized interest from investors.

Currently, Notcoin holds a market cap of approximately $2 billion, positioning it as the 49th largest cryptocurrency in terms of market capitalization

Notcoin Price Forecast: Potential for New Heights Amid Market Recovery

Notcoin has witnessed a notable 36% rise over the past month, capturing significant market interest. The trading price fluctuated between $0.015 and $0.021. However, recent market shifts caused a 4% drop in its value last week. This downturn reflects broader trends in the cryptocurrency sphere, where increased volatility has affected various tokens, including Bitcoin.

Notcoin has witnessed a significant increase following Toncoin recent price jump, eyeing a potential new record high. This uptick comes amidst the rising popularity of tap-to-earn games on Telegram, which have garnered millions of users globally. 

The authenticity of these figures is debated due to possible bot activity. Notcoin, notably excelling in daily gains, appears in tandem with TON, which is central to Telegram’s appealing tap-to-earn crypto game scene. 

Games like Hamster Kombat and Yescoin drive player engagement, contributing to the heightened interest and participation in this emerging gaming model.

Technical Analysis: Notcoin Shows Signs of Bullish Momentum

Notcoin is experiencing a surge, suggesting an imminent approach to a bullish period. The digital currency will test the resistance level at $0.03 shortly. If this trend persists, Notcoin price might climb toward $0.05 and hit $0.1 by the end of June.

On the other hand, a shift in the market mood to the negative side could lead Notcoin to seek support at nearly $0.019. The price could drop to about $0.018 in a sustained negative trend, indicating a bearish phase.

The daily technical indicators for NOT show a slight positive shift in its market dynamics. The Moving Average Convergence Divergence (MACD) has started to show convergence above the signal line, hinting at possible bullish momentum in the near future. This indicator reflects a slightly bullish signal as the MACD line (blue) crosses above the signal line (orange).

The Relative Strength Index (RSI), currently at 58, remains neutral, hinting that Notcoin is neither overbought nor oversold. The Chaikin Money Flow (CMF) indicator remained above the zero line, implying that buying pressure has predominated, indicating sustained investor interest. The Awesome Oscillator (AO) displayed a reduction in momentum as its bars transitioned from green to red, suggesting a slowdown in the bullish momentum.