Solana (SOL), one of the prominent names in the cryptocurrency world, draws attention with a promising upward trend. SOL, which has broken its bullish formation and retested its support in recent weeks, has the potential to reach $250 levels in the long run. Although it has experienced a 0.83% depreciation in the last 24 hours, the overall market mood remains optimistic.
Last week, the price of the SOL saw an increase of over 6%. This increase reveals that the interest in the SOL is strong in the market. However, short-term declines have led to bear rally concerns among some investors. Although the feeling around the LEFT turns negative on July 27, this may not mean the beginning of a sustained downtrend.
The LEFT has scorched above a bullish steak pattern identified in March. This could be a harbinger of a potential bull run. In particular, crypto analyst World Of Charts highlights the SOL's recent pattern breakout and a successful retest of support. This retest could trigger a rally that will increase SOL to $250.
According to World Of Charts, the formation breakout of the LEFT and retesting the support is an important step. This creates great excitement among investors. Coinglass data also shows the increase in the long/short rate. The ratio of long positions to short positions has increased, which indicates a sense of upsish. However, technical indicators give mixed signals.
Do technical analysis and study patterns before investing. Keep track of long/short rates, which provides information about market sentiment. Track indicators such as Chaikin Money Flow (CMF) and Relative Strength Index (RSI). Develop risk management strategies and adapt to instant market changes. For a shorter-term target, the LEFT could target the $188 level if the bullish continues. However, current market indicators indicate that downtrends may continue, and the LEFT may see a decline as low as the $176 level.
3 Undervalued Cryptocurrencies to Buy Ahead of a 5000% Surge
Cryptocurrency 1: Fetch.ai (FET)
Fetch.ai (FET) combines blockchain technology with AI to create a decentralized digital economy. Despite a recent drop from $3.84 to $1.1, the formation of a bullish flag pattern suggests a potential rally to $40. FET’s integration with AI positions it for growth within the emerging tech landscape.
Aave is a leading DeFi protocol that enables users to lend and borrow cryptocurrencies. Despite a correction from $145.8 to $79, Aave's dominance in on-chain lending suggests a strong rebound potential. A breakout from its current symmetrical triangle pattern could propel AAVE to $660.
Notcoin (NOT), known for its viral Telegram game, has seen a significant drop from $0.029 to $0.0114 amid the market correction. Despite this, its position as the 56th largest crypto asset and potential for a breakout above current resistance levels suggest a rally to $0.1 is on the horizon.
Imagine that you invested in Notcoin on May 16th, when it was only worth 0.010775 USD. By May 18, the price soars to 0.014455 USD! This is almost one and a half times more in a couple of days! You'd be sitting on a ton of money by now!
Of course, after such growth there was a slight decline to 0.005290 USD by May 27. But do you know what this means? This means that the market has given you a chance to buy even more coins for cheap! Since May 27, the price has crept up again, reaching 0.013268 USD by the end of the month.
Do you know where the real magic levels are? Support around 0.005 and 0.007 USD is like a brick wall! The price bounces off these levels like a ball off the floor. And the resistance levels around 0.010 and 0.014 USD are like a gateway to the kingdom of gold. Let's break through them, and no one will stop us!
Notcoin has already shown its power. If the level of 0.010 USD holds, we expect continued growth. But remember, in the crypto market, volatility is your best friend. Buy low, sell high and enjoy the fruits of your labor!
*All of the above is just my point of view and information for your consideration. This does not constitute financial advice. Always do your own research and consult with financial advisors.
What's NOT to love? Notcoin, the play-to-earn Telegram cryptocurrency game, saw its token set a new all-time high of $0.01244 early Thursday morning.
It's already retreated slightly, but the current Notcoin price of $0.01199 means it's comfortably 35% higher than it was this time yesterday and 129% higher than it was this time last week. Over the past day, NOT has seen $1.3 billion worth of trading volume—approximately 42% of it originating from the NOT/USDT trading pair on Binance.
In fact, the Notcoin frenzy has been enough to make it the 7th most traded asset on Binance. In the past day, it's done more volume than any Solana, Dogecoin, or XRP trading pair, according to CoinGecko data.
Two days ago, NOT had only just become a top 100 asset and reached a $1 billion market capitalization. But it's now climbed the charts to become the 81st largest asset and reached a $1.2 billion market cap, according to CoinGecko data. The team also bragged that NOT has 1.6 million onchain holders—more than meme coin darlings Shiba Inu, BONK, or Pepe.
Telegram-based "social clicker" game Notcoin allows users to earn its in-game NOT token by clicking on a gold coin displayed on-screen, with additional rewards available for completing quests and making use of "boosts." On Thursday morning the project reminded its community that holders will have until June 16 to claim their earnings.
The Notcoin team on Twitter that users earned more than 56 million NOT tokens, equal to roughly $700,000, in the past week.
💬 Don't forget to claim your Notcoin until June, 16 You can withdraw your Notcoin from Notcoin bot to your wallet. Those who staked are fine ofc. — Notcoin Ø May 30, 2024
Excitement for the Telegram game has been spurred along by the launch of "earning missions," which allow players to collect passive NOT token rewards. The missions usually require players to be active in partner project communities and their earnings are determined by a player's in-game level,.
Current Price of #NotCoin: Should You Sell or Hold? 💸
As of now, $NOT is trading at approximately $0.011894 USD. The recent surge in its price has led many to wonder whether it’s a good time to sell or hold out for higher gains.
Sell or Hold?
Deciding to sell or hold $NOT depends on your investment strategy and risk tolerance. If you’re looking for short-term gains, selling at a higher price, like $0.1 USD, might be appealing. However, holding could offer higher rewards if Notcoin reaches new all-time highs 📈
Long-Term Potential 🚀
While selling at $0.1 USD could yield substantial profits, many believe in Notcoin‘s long-term potential. The recent tweet from a prominent influencer predicting a $1 value has fueled optimism. If you believe in NOT growth and are willing to take on the associated risks, holding might be wise.
Ultimately, the decision to sell or hold should align with your financial goals and market outlook. As with all investments, staying informed and cautious is key.
Get your free PORTAL tokens before launching & earn upto 2000X profit🔥🔥
Binance has announced a new project on Binance Launchpool - Portal (PORTAL), a cross-chain gaming platform with a mission to onboard more players to Web 3.0.
You can stake your BNB and FDUSD into separate pools to farm PORTAL tokens over seven days, with farming starting from 2024-02-22 00:00 (UTC).
🌀LISTING & REWARD CALCULATION 💰
Depending on the amount of BNB/FUSD staked you will receive free PORTAL tokens daily upto 7 days, Once the farming period is over, Binance will then list PORTAL at 2024-02- 29 10:00 (UTC) and open trading for all trading pairs. Since you are having the token before launch you will get advantage of the initial Pump when the token is released, As you know new tokens can pump anywhere upto 2000-3000% ,meaning if you have 100 💲 worth of PORTAL tokens initially, after the pump you will have 2000-3000 💲in your wallet.
So what are you still waiting for , Go stake your BNB now...
🌀 LAUNCHPOOL DETAILS & REWARDS %💰
▪️ Max Token Supply: 1,000,000,000 PORTAL
▪️Launchpool Token Rewards: 50,000,000 PORTAL (5% of max token supply)
▪️Initial Circulating Supply: 167,134,615 PORTAL (16.71% of max token supply)
▪️Stake BNB : 40,000,000 PORTAL in rewards (80%)
▪️Stake FDUSD : 10,000,000 PORTAL in rewards (20%)
▪️Farming Period: 2024-02-22 00:00 (UTC) to 2024-02-28 23:59 (UTC).
▪️PORTAL Farming Distribution Dates (00:00:00 - 23:59:59 UTC each day)
BONUS TIP💎
Stake BNB rather than FUSD, Many users are purchasing BNB to farm PORTAL tokens, a total of 9 B+ BNB is staked till now which is causing a huge pump in BNB price, at the end of the farming period , your BNB will have more value than the initial invested amount.