- The NOT crypto price has recorded over a 15% upsurge in the last seven days.
- Technical indicators suggest a neutral perspective in the current phase.
- The trading volume has dropped over 40% in the last 24 hours.
Starting as a Telegram game, Notcoin (NOT) onboarded many users into Web3 through tap to earn mining. The projects offer various features to users, from discovering Web3 products to participating in new games and more.
NOT is a native cryptocurrency of this ecosystem. NOT crypto has gained huge public support since its launch. On the other hand, the community behind Notcoin is showing 76% bullish sentiments.
Notcoin Price Hovers Above the Key Demand Zone
In the last 24 hours, the NOT crypto has made its listing on Binance and OKX. This could be an excellent opportunity for investors eagerly awaiting for this listing. It can positively affect the crypto price, which could help this cryptocurrency grow beyond the expectations of community members.
Conversely, the Notcoin price is looking for a retracement right now. It created an all-time high mark of $0.0289 seven days ago, which triggered the current price correction. The 15% upsurge in price during the weekly trading session indicates a potential reversal in upcoming sessions.
Price to Volume and Social Dominance Analysis
The social dominance of the NOT crypto has been constantly rising since January 2024. In mid-May 2024, the social buzz has covered over 2% dominance in the entire crypto world.
However, the price took a long time to rise, along with the trading volume. This shows that Notcoin is not highly influenced by social sentiments. Retailers and investors are backing up this cryptocurrency.
Technical Analysis of the Notcoin (NOT/USD)
![Notcoin](https://chezmanu-lausanne.com/wp-content/uploads/2024/06/Notcoin-Crypto-Makes-Retracement-Will-Bulls-Exhilarate-the-Price.png)
The long-term outlook lies above the key exponential moving averages (EMAs) on the bullish side. However, the current price is moving below the 50-day EMA, indicating a short-term bearish trend.
NOT price has given a breakout of the $0.0171 major resistance level. After the breakout, the price reflected an over 70% bullish rally and reached the $0.0292 level. Currently, the price is attempting a retracement to the $0.0171 resistance.
That resistance is also a key demand zone where buyers have a keen eye. As per the technical speculations, the NOT price indicates a bullish reversal in the current phase.
Track all markets on TradingView
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“symbol”: “BITFINEX:NOTUSD”,
“interval”: “240”,
“timezone”: “Etc/UTC”,
“theme”: “dark”,
“style”: “1”,
“locale”: “in”,
“allow_symbol_change”: true,
“details”: true,
“calendar”: false,
“studies”: [
“STD;Supertrend”
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}
Furthermore, the relative strength index (RSI) is showing bearish momentum in the current phase. It is downsloping toward the 30-mark lower band, reflecting the sellers’ control in momentum. The RSI is at 40.22 below the SMA line.
Summary
The Notcoin price has been performing with strong bullish sentiments since the end of May 2024. The cryptocurrency has delivered over 200% positive returns since then. However, it is underperforming the global cryptocurrency market and the similar TON ecosystem cryptocurrencies.
After creating an all-time high price level, the current price seeks a retracement. According to current market speculations, a bullish reversal can be expected from the $0.0171 demand zone.
Technical Levels
When writing, the immediate resistance for NOT was $0.0221, and the $0.0154 level was the next support. The current price indicates a bullish reversal; however, a shortfall can also be expected below the mentioned support.
Disclaimer
The views and opinions stated by the author or any people named in this article are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
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