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With the surge of 2.4% in NOT open interest and 69% of traders betting on bullishness, NOT is preparing for a strong comeback. During the European session on Tuesday, the price of NOT fell slightly to $0.01398, but under the appearance of a 14% decline in 24-hour trading volume, there is a hidden force that is about to explode. If the market changes direction, NOT is expected to break through the historical high price.
Recently, the price of NOT has bottomed out near $0.0136. Although it has been consolidating for two weeks, the support is solid. From a technical perspective, the 4-hour chart shows that the price is slightly below the 50-day and 200-day moving averages, and the RSI is also hovering at a low of 43, which may be weak in the short term. However, from a long-term perspective, NOT is at the starting point of the upward channel. If the bull market continues, the price may jump 18% to $0.01778. Even more radically, if it breaks through the descending wedge, the increase can reach 109%, directly pointing to the previous high of $0.0294, further challenging the Fibonacci extension level of $0.038, and achieving a leap of 170%.
Trading data is also optimistic, with open interest increasing by 2.49% and 69% of traders optimistic, indicating that the market is confident in NOT's breakthrough.
Facing fierce competition from emerging competitors such as Hamster Kombat and Tapswap, NOT is trying to maintain its market leadership by launching money-making tasks and destroying more than $3 million worth of NOT tokens. As the leading click-to-earn game project on Telegram, it is still promising in the future.
Based on the market situation and technical analysis, NOT has the potential to reach new highs under certain conditions. As the star token of the TON network, it continues to attract the attention of investors in the gaming and meme coin fields. The community's enthusiasm and participation are high, which indicates the brilliant future of NOT.
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The cryptocurrency market is changing rapidly, and each trend may become the next outbreak point.
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