Price Analysis

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

Notcoin Price Prediction: The open interest of NOT is up by 2.4% as 69% of traders long on the coin showing that investors are very optimistic that NOT will surge back to the top.
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Notcoin Price Prediction: NOT Price Can Break ATH If This Happens

Highlights

  • Notcoin’s open interest (OI) increased by 2.49% in the last 24 hours.
  • Over 69% of traders across exchanges are going Long on Notcoin.
  • Hamster Kombat currently has 150 million users and 46 million daily active users (DAUs).

Notcoin Price Prediction: The price of NOT reached $0.01398 during European business hours on Tuesday after dropping by 4.5% over the last 24 hours. This was complemented by a 14% drop in the 24-hour trading volume of the TON-based gaming token. However, a bullish pattern is playing out, and if price action breaks out, Notcoin may break its all-time high price.

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Notcoin Price Prediction Hints A Path to $0.037

NOT price has consolidated for the past two weeks, moving sideways and losing trading volume. However, the asset is anything but done, as its decent support level has formed around $0.0136 over the past 14 days.

The price of NOT is currently trending below the 50-day and 200-day simple moving averages on the 4-hour timeframe, and the 14-day relative strength index (RSI) is trending below the mid-level at 43. These two indicators suggest that the Notcoin price is not bullish.

Notcoin is at the bottom of the range with room to move to the upside. Consequently, if bulls persist, NOT price may rise by 18% to hit the upper boundary of the range around $0.01778.

Zooming out, another Notcoin bullish perspective also becomes apparent. The asset is in a one-month falling wedge and is approaching the tail end of it. If NOT price breaks out of the falling wedge, the asset may witness a 109% price surge to $0.0294, its previous yearly high. 

Moreover, the current price level coincides perfectly with the 0.618 Fibonacci retracement level, further reinforcing the existing support structure. A bounce from here may catapult NOT price to the 0.27 Fibonacci extension level around $0.038, effectively breaking its all-time high price. This would constitute a 170% increase from the current price.

Despite the decreasing trading volume, data from Coinalyze shows NOT’s open interest increased by 2.49% in the last 24 hours, with 69% of traders across exchanges going Long on the asset. This means the majority of traders are accumulating Notcoin in anticipation of the breakout.

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Can Notcoin Sustain Gains Against New Competitors?

While Notcoin saw massive success in the gaming and meme coin spheres, it triggered a wave of tap-to-earn projects on TON that look like they may overtake the project. For instance, Hamster Kombat currently has 150 million users and 46 million daily active users (DAUs), while Tapswap has 50 million users and 17 million DAUs.

Notcoin faces the challenge of remaining relevant and on top of the TON gaming niche. To this end, the developers introduced earning missions and, most recently, burned 210 million NOT tokens worth over $3 million. 

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

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Bottom Line

Notcoin’s price analysis reveals an exciting potential to surpass its all-time high (ATH), contingent on specific market conditions. As a prominent token on the TON network, Notcoin price continues to capture investor interest in the growing gaming and meme coin sector, as reflected by the enthusiasm and engagement of its community.

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Related Articles

Frequently Asked Questions

What is Tap-to-Earn?

Tap-to-Earn (T2E) refers to mobile games where players earn rewards or cryptocurrency by tapping or clicking on ads, engaging with content, or participating in activities within apps or platforms.

Will Notcoin reach $1?

At $1, Notcoin mcap will be $102B. Given the huge community behind Notcoin and the current 2024-2025 bull run that is underway, Notcoin may reach $1.

Is Notcoin Listed On Binance?

Yes, you can trade NOT on Binance.
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Evans Karanja

Evans Karanja is a crypto analyst and journalist with a deep focus on blockchain technology, cryptocurrency, and the video gaming industry. His extensive experience includes collaborating with various startups to deliver insightful and high-quality analyses that resonate with their target audiences. As an avid crypto trader and investor, Evans is passionate about the transformative potential of blockchain across diverse sectors. Outside of his professional pursuits, he enjoys playing video games and exploring scenic waterfalls.

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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