Notcoin ($NOT ) Gains Momentum: What’s Next for Its Price?
Notcoin ($NOT ), a prominent altcoin within the Toncoin ecosystem, has recently emerged from its consolidation phase, marking a significant upward movement. Supported by the growing Telegram-backed Toncoin ecosystem, which gained substantial traction in early 2024, there is potential for further growth in the coming weeks. NOT has increased by 14% over the past 24 hours, signaling a possible breakout.
Despite the recent gains, NOT remains approximately 70% below its all-time high. However, analysis from crypto experts suggests that the ongoing market cycle could propel the price toward new record levels.
Crypto analyst Ali Martinez highlighted that the recent "falling wedge" breakout on the NOT chart indicates the potential for the price to reach $0.012. After breaking out of the wedge, NOT has entered an accumulation phase, which lasted for two weeks. This period of consolidation is expected to fuel stronger momentum, leading to further gains.
AMBCrypto also noted that Notcoin is experiencing rising buying pressure, with the token currently in an uptrend and benefiting from positive market sentiment. The ongoing upward momentum could drive additional gains in the NOT price.
Additionally, Notcoin’s open interest rate has increased by 20%, reaching a three-month high, indicating that investors are actively engaging in new positions. AMBCrypto’s analysis suggests that in the short term, NOT could reach $0.00992, and if this level is surpassed, the price could potentially rise to $0.012.