NOT Coin gained 14 percent in value, reaching the peak of the last month. If the altcoin closes above $0.01794, it has the potential to test $0.02. In the decline scenario, the bottom target is set as $0.013.
In the cryptocurrency market, new altcoins are attracting serious attention at a time when popular coins are left behind. One of the projects that attracts attention in this process is NOT Coin. Powered by Telegram and TON Coin, this altcoin is growing rapidly with wide community support.
NOT Coin stands out as one of the new generation crypto assets. The fact that Telegram hosts a large crypto investor base and TON Coin is its first project increased the interest in the altcoin. It was observed that this interest increased the price rapidly. There is a strong bullish sentiment among investors and the price has reached a 1-month high in recent hours. The positive funding rate in futures shows that investors' bullish expectations are solid. Moreover, the RSI value continues to remain above the neutral zone. Measured between 0 and 100, this indicator evaluates buying and selling demand; Being above the 50 level confirms that buyer demand is dominant.
NOT Coin Price Prediction
The important resistance level to overcome for the altcoin is $0.01794. Closings above this level have the potential to push the price of NOT Coin to $0.0200. At the time of writing, BTC was supporting the rise, rising above $64,000. The recovery in overall market sentiment allowed NOT Coin to gain 14 percent, while many altcoins gained over 5 percent.
However, if NOT Coin bulls fail to clear the $0.0179 resistance, the price is expected to move lower. Investors may choose to convert their earnings into cash to invest in alternatives that have not yet risen. In case of a decline, there could be a tedious consolidation period between the resistance level and the $0.013 support.
Cryptocurrencies are always full of surprises and it is difficult to predict the market direction. Therefore, it is of great importance for investors to trust their own research and evaluations.
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