Since its launch, Notcoin has been attracting attention with its wild fluctuations, making this token a subject of intense scrutiny. As a result, the token gained significant liquidity with little price appreciation as volume remained between $800 million and $1 billion during market downturns.
Thus, having experienced significant fluctuations, the price of NOT appears poised for a new rally that could take it above current highs.
Despite the ongoing correction, Notcoin remains one of the tokens that is attracting a lot of interest from traders. This is evidenced by the significant volume of search queries.
Starting as just a viral game on Telegram, NOT soon became one of the most sold tokens. After a period of excessive compression, the price is expected to rise sharply in the near future. This could raise its level above $0.02.
The chart above shows the rise and fall of the NOT price rally, indicating a decline in sales volume. The price continues its upward consolidation and appears to have completed both its upward and downward waves. Thus, the token is now preparing for a new bullish wave that could take the rally to higher targets. Considering the MACD, levels are close to a bullish crossover that could push levels above the negative range.
This move could set up a new upward trajectory only if the price manages to rise and hold above the 100-day moving average and then the 50-day moving average at $0.0164 and $0.0199 respectively. These levels are expected to provide a solid base for Notcoin price to rally to test higher targets. However, key resistance lies at $0.02 and if these levels are reached, the next bullish push could push Notcoin (NOT) price towards $0.03 after breaking through final resistance at $0.025, the current ATH.
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