After launching its Earning Missions, Notcoin saw a significant price surge of over 50%, bringing optimism to NOT investors. The cryptocurrency also secured listings on multiple tier-1 centralized exchanges, further boosting its market presence.
Currently, Notcoin is trading at around $0.012 during European business hours on Friday, marking a 2.5% increase over the past 24 hours and a substantial 158% increase over the week, according to CoinGecko. The surge pushed Notcoin’s market cap to $1.2 billion for the first time, encouraging both investors and airdrop claimants who held onto their tokens from the Token Generation Event (TGE). Additionally, NOT’s 24-hour trading volume rose by 9.8%, indicating increased market activity recently.
Notcoin Price Analysis: Strong Momentum and Fibonacci Levels
Notcoin’s price has surged significantly, currently trading well above its 50-day simple moving average (SMA), indicating robust bullish momentum. Recently, the price surged by 51%, reaching a new daily high of $0.0132 before retracing slightly.
Looking at the 4-hour chart, Notcoin has found solid support around the 0.5 Fibonacci retracement level, which stands at approximately $0.011. This support level has been tested twice within the past 12 hours, suggesting its strength in holding the price.
Market analysts expect Notcoin’s price to rebound from this support level and aim for the 0.27% Fibonacci extension level. This would potentially increase the price of Notcoin by 21%, targeting around $0.0145. On the daily chart, the Fibonacci levels indicate that the 0.27 extension is positioned near $0.0155, marking a substantial 31% increase from the current price of NOT.
Notcoin Price Outlook and Market Influence
Notcoin’s price has shown a pattern of higher highs and lower lows over the past week, reinforcing a bullish sentiment in the market. As the price continues to climb, key resistance levels to watch for Notcoin (NOT) are expected around $0.0132, $0.0145, and $0.0156.
Conversely, in a bearish scenario, important support levels where the NOT price could potentially rebound are around $0.011 and $0.0085.
The recent launch of Notcoin’s Earning Missions has injected renewed optimism among investors, leading to a significant surge in the price of NOT. This positive momentum has been further fueled by strong community engagement and support within Telegram ecosystems. Additionally, Notcoin’s direct listings on multiple tier-1 centralized exchanges have played a crucial role in boosting its market appeal and trading volume.
Notcoin’s Market Performance and Recent Developments
Notcoin (NOT) has demonstrated a pattern of higher highs and lower lows over the past week, reinforcing bullish sentiment in the market. As the price continues its ascent, key resistance levels for NOT are anticipated around $0.0132, $0.0145, and $0.0156.
On the flip side, in a bearish scenario, crucial support levels where the NOT price could potentially find buying interest are identified around $0.011 and $0.0085.
The recent launch of Notcoin’s Earning Missions has sparked renewed optimism among investors, resulting in a substantial surge in NOT’s price. This positive momentum has been bolstered by active community engagement and robust support within Telegram ecosystems. Additionally, Notcoin’s direct listings on several tier-1 centralized exchanges have significantly enhanced its market visibility and trading volume.
These developments underscore Notcoin’s strong financial backing and resilience, factors that appeal to major investors in the cryptocurrency space. As a result, Notcoin has now solidified its position among the top 100 largest cryptocurrencies by market capitalization.
In Summary
As Notcoin’s price continues to climb, it highlights the dynamic nature of the crypto industry. This surge has drawn attention to similar projects like Tapswap (TAPS), which are gearing up to enter the Tap-to-Earn sector to capture a slice of the market.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.