Notcoin Price Prediction: Market Rebounds Strongly, Is $1 the Next Stop?

Notcoin Price Prediction: NOT, a Telegram-based cryptocurrency, has seen a significant gain of 6% over the past day following the market rebound. The altcoin hovers above $0.015, indicating a strong upward trend in its trading patterns. 

As of this writing, Notcoin price is $0.0158, surging 22% during European trading hours.

According to CoinMarketCap data, Notcoin’s current market capitalization is $1.6 billion. Notably, Notcoin’s trading volume has also increased, now reaching $1 billion, underscoring a vibrant trading activity among investors. 

Notcoin has witnessed an 11% increase in its value, showcasing robust investor confidence. The cryptocurrency ranged between $0.009 and $0.0165 over the past week, indicating notable market volatility. As of July 5, Notcoin’s price escalated from $0.0091, reaching an intraday high of $0.01633 today. 

Notcoin Price Prediction: Potential for Major Gains as Market Shows Strength

Data from Coinglass reveals that Notcoin’s total open interest surged dramatically by 90% in just three days. Notcoin price rose from $101.56 million on July 6 to $192 million on July 8. Such a rapid escalation in open interest typically precedes significant price fluctuations due to increased liquidations.

Further insights from Coinglass disclose that Notcoin’s aggregated funding rate hit 0.22% in the last 24 hours. This surge highlights a predominant increase in long trading positions, pointing to a bullish sentiment among traders.

Could NOT price Break $0.016 Resistance on Current Uptrend

Notcoin is currently showing signs of a robust recovery, potentially signaling the onset of a bullish trend. Notcoin could break through the $0.016 resistance barrier if this momentum continues. This upward move propels its price towards $0.02 and could reach as high as $0.1 in the near future.

On the flip side, if the market sentiment deteriorates, Notcoin might stabilize around the $0.015 support level. In a sustained bearish phase, the price might drop to about $0.014. These fluctuations highlight the inherent volatility within the cryptocurrency market.

Technical Indicators Point to Sustained Growth

The 4-hour technical indicators for Notcoin (NOT) show a recent rebound after a continuous downward trend. The Relative Strength Index (RSI) indicates a value of 63.20, moving above the neutral 50 level, suggesting a growing bullish momentum. The RSI’s recent rise from a low of 69 points towards increasing buyer interest.

The Moving Average Convergence Divergence (MACD) has begun to show promising signs of a bullish crossover. The MACD line (blue) has moved above the signal line (orange), signaling a potential upward movement in price. The histogram also supports this outlook, transitioning from negative to positive bars, indicating a shift in momentum toward the buyers.

The Average Directional Index (ADX) remains high at 46, indicating a strong trend in the market. Meanwhile, the Awesome Oscillator (AO) displays a transition from red to green bars, suggesting a potential shift in momentum from bearish to bullish.

Frequently Asked Questions (FAQs)

1. What is Notcoin, and how did it start?

Notcoin began as a popular game on Telegram, introducing many users to web3 through a simple tap-to-earn mining mechanic. This game quickly evolved, gaining significant traction among users interested in exploring the web3 space.

2. How can users earn Notcoin tokens?

Users can earn $NOT tokens in several ways within the Notcoin ecosystem: - Explore: Earn tokens by discovering new web3 products. - Play: Participate in new games and earn additional tokens. - Contribute: Add value to the Notcoin ecosystem through various contributions and earn tokens.

3. How can web3 builders engage with the Notcoin community?

Web3 developers can engage with the Notcoin community by offering their products through Notcoin campaigns. This allows them to directly interact with a vibrant community, receive feedback, and promote their developments within an engaged and active user base.

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Coingape Staff

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