This Meme Coin's Notcoin Price Soars to Record Highs, Exploding 20%

With all eyes on the Tap-2-Earn crypto sector on Telegram, the Notcoin token (NOT) has seen a 20% rise in value in the last 24 hours. This increase occurs despite an overall bear market in the cryptocurrency industry as a whole.

Here we'll take a look at NOT's recent price movements and compare them to those of PlayDoge, a fresh meme currency, to determine whether the latter is a better investment option right now.

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Notcoin has arisen as a popular tap-2-earn cryptocurrency amidst the frenzy surrounding Telegram-linked Toncoin (TON), which is widely anticipated to see increases in the second quarter (some have even dubbed it "Toncoin Summer").

Notcoin is now trading at $0.02 on the market, a rise of 19.2% in the last 24 hours, as the price of NOT returns to a strong upward trend.

This follows NOT price's rapid climb to a new all-time high of $0.03 on June 2, which was followed by a 50% retracement move this week.

Over the last week, there has been a successful consolidation above the $0.017 support level, which has set the stage for the current bullish rising move. NOT holders are now aiming for a run above the ATH.

On June 12, the 20-day moving average (DMA) turned back to support, revealing crucial underpinnings.

At an overbought and negative 61.3, the relative strength index (RSI) indicates that price needs to calm down, which is a modest reason for worry.

Having said that, the favorable chart structure and optimistic fundamentals give NOT a good picture for the near term.



The Notcoin price has the potential to rise 32% higher, to support at $0.026, if it can break over local resistance at $0.021.

On the other hand, a decline in NOT price to 20DMA support at $0.0184 (a potential -8% decline) is a downside risk.

#Notcoin $NOT @The Notcoin Official