NOT surges 304% to top the list of gainers

Notcoin (NOT) stole the spotlight last week.

The Telegram-related project bucked the trend and recorded triple-digit gains in seven days. Recall that NOT fell 55% soon after its debut as airdrop recipients dumped their holdings.

Two weeks ago, the pair had fallen to $0.00458 on May 24 and has not recovered from this downturn. The asset is currently maintaining this upward trend, with six of the seven days last week showing an upward trend.

Thanks to its gains, Notcoin surged 304% in seven days and became the top gainer last week.

Its largest intraday gains were on May 27 (59%) and June 1 (35.91%). At press time, NOT is trading at $0.02505. While this price is up 348% from its May 24 low, the crypto is still down 44% from its $0.037 high during its Binance debut.

Meanwhile, NOT’s daily relative strength index (RSI) is currently at 82.48, indicating overbought conditions.

At this point, the asset could be on the verge of a correction that could drag the price below $0.02 in the near term.

If bulls show resilience, recovery from this upcoming retracement could lead to a breakout of the previous high at $0.03.