Notcoin Set For More Gains Following 13% Price Rally – Details
28 September 2024 - 7:00PM
NEWSBTC
Telegram-based cryptocurrency Notcoin has attracted investors’
interest in the last 24 hours with impressive price performance.
According to data from CoinMarketCap, Notcoin notched a 12.75%
profit on Friday to emerge as the market’s top gainer. While the
asset’s momentum appeared to have cooled following a price
correction in the last few hours, certain trading indicators
encourage investors to retain a bullish sentiment. Related Reading:
Crypto Analyst Says Telegram-Based Notcoin Is Ready To Fly, Here’s
How High Notcoin To Hit $0.014 If Buying Pressure Persists: Analyst
In an X post on Friday, popular crypto analyst Ali Martinez shared
a bullish prediction on Notcoin. According to Martinez, the
SuperTrend indicator on the NOT’s daily chart has shown a buy
signal following the token’s most recent ascent out of a falling
wedge. The SuperTrend indicator just flashed a buy signal on the
#Notcoin daily chart as $NOT breaks out of a falling wedge!
Increased buying pressure could potentially push #NOT toward $0.012
to $0.014. pic.twitter.com/fJfWMDXCvV — Ali (@ali_charts) September
27, 2024 Generally, the SuperTrend is a simple technical
indicator used to predict the potential direction of an asset’s
price. A buy signal occurs when the price moves above the
SuperTrendine suggesting the asset would likely maintain its upward
trajectory. According to Martinez, if investors are
influenced by the SuperTrend indicator, thus increasing capital
influx into Notcoin market, the token could likely surge trade as
high as $0.012 – $0.014 representing a potential 41.41% gain on its
present market value. In the presence of an overwhelming bullish
pressure, NOT could rise to around $0.020 reaching price levels
last seen in early August. Alternatively, if a price fall were to
occur perhaps due to news events or macroeconomic factors, the
telegram-based asset will likely find support around $0.0069.
Related Reading: Notcoin (NOT) Ignites Crypto Market,
Analyst Predicts 25% Rally NOT Price Overview Notcoin emerged
as a play-to-earn token on the messaging platform Telegram,
allowing people to earn by tapping a virtual coin and participating
in game tasks. Following its official launch in May,
Notcoin drew much attention, rising by over 380% to hit an all-time
price of $0.029. However, the token’s value gradually declined in
the following weeks and has since failed to return to such
heights. Nevertheless, NOT has quickly grown into a major
digital asset, earning a spot in the top 100 cryptocurrencies with
a market cap of $1 billion. At the time of writing, Notcoin’s price
hovers around $0.0098 following a correction from the peak price of
$0.0105 on Friday. The cryptocurrency boasts significant gains of
31.66% and 8.08% in the past seven and thirty days
respectively. Meanwhile, NOT’s trading volume is up by a
stunning 145.17% and valued at $374.18 million. Featured
image from Techopedia, chart from Tradingview
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