๐ฅ Notcoin: How a $3M burn boosted NOTโs value overnight
๐ Crypto Volatility
Bitcoin dipped to $60k recently, but some tokens are recovering. Notcoin (NOT) has seen notable gains and significant updates.
๐ฅ Community-Oriented Tokenomics
On X, @thenotcoin announced burning $3M worth of NOT and allocating $4.2M as incentives for Gold and Platinum users. This makes 94.18% of NOT in the hands of 11.5M people, with 5.82% in the treasury for future development.
๐ฐ Massive Airdrop
The Notcoin team amazed the community by declaring a $2.5B airdrop, claiming itโs bigger than ZkSync and LayerZero combined, positioning NOT positively in the market.
๐ Bullish Indicators
NOT is trading at $0.01572, up 9.91% in 24 hours, with a market cap of $1.6B. The current SMA is below the price, indicating increased demand and buying pressure. RSI has risen from 44 to 51, signaling bullish sentiment.
๐ Rising Open Interest
Coinglass data shows NOTโs open interest surged from $146M to $171M, indicating more market participation and a strong trend.
๐ Market Stability
NOT saw $410k in long and $322k in short liquidations, showing market stability. A recent short squeeze added buying pressure.
๐ฎ Bullish Outlook
NOT looks bullish after retesting support at $0.0141. If positive sentiment continues and NOT closes above $0.0161, it could reach $0.0208 or $0.018 in the short run.
