In the past 24 hours, NOT's open interest increased significantly by 2.49%. This positive signal not only reveals market participants' strong interest in Notcoin, but also reflects investors' deep expectations and optimism about its future trend. On many trading platforms, more than 69% of traders chose to be long on Notcoin. This proportion undoubtedly injected a shot in the arm into the market.
At the same time, as a gaming platform closely related to Not, Hamster Kombat's huge user base - 150 million registered users and 46 million daily active users - has undoubtedly added more vitality and potential to Not's ecosystem.
Although the price of Notcoin recently hit $0.01398 during the European trading session, and then suffered a small correction of 4.5%, and the 24-hour trading volume also dropped by 14%, the market has not fallen into pessimism. On the contrary, a potential upward trend is brewing, indicating that Notcoin is expected to break through the siege and achieve greater success.
From a technical perspective, although the price of Notcoin has been trading sideways in the past two weeks and the trading volume has also shrunk, its solid support level has been formed near $0.0136, laying a solid foundation for the subsequent rebound. Although the current price is still below the 50-day and 200-day simple moving averages, and the 14-day relative strength index RSI is also hovering at 43, a non-strong area, all this seems to be accumulating momentum for an upcoming reversal.
Looking ahead, if the bulls continue to strengthen, the price of Not is expected to rise by 18%, reaching the upper limit of the range of about 0.01778. In the longer term, Not is at the end of a monthly descending wedge. Once it successfully breaks through this pattern, its price may usher in explosive growth, reaching last year's high of 0.0294, an increase of 109%.
It is particularly worth mentioning that the current price coincides with the 0.618 Fibonacci retracement level. The confirmation of this technical indicator undoubtedly adds more credibility to Notcoin's support structure. In summary, Notcoin is standing at a new starting point, ready to welcome its glorious moment.
Not is poised to rise to the 0.27 Fibonacci extension level, a new all-time high
A strong rebound from the current position may push the price of NOT to the 0.27 Fibonacci extension area, which is about $0.038. This feat will completely break its all-time high record and achieve an amazing increase of 170% from the current price. Even though the trading volume has declined, according to the latest data from Coinalyze, Notcoin's holding interest has still increased by 2.49% in the past 24 hours, and as many as 69% of traders across trading platforms choose to be bullish on the asset, which undoubtedly demonstrates the firm confidence and positive accumulation trend of the mainstream market forces.
This situation means that many investors are preparing for the upcoming breakthrough of Not with unprecedented enthusiasm and expectation. Their actions are a deep recognition and firm belief in the future development potential of Not.
Can Not stay ahead of the emerging competition?
Although Not has achieved great success in the gaming and meme coin circles, its success has also inspired the emergence of many "click-to-earn" projects on the TON network, which seem to be ready to surpass Not's leading position. For example, Hamster Kombat has a user base of 150 million and 46 million daily active users, while Tapswap is not far behind with 50 million users and 17 million daily active users.
In the face of such a fierce competitive environment, Not faces a major challenge to maintain its leading position and continued appeal in the TON gaming market segment. To this end, the project team has taken a series of positive measures, such as launching earning tasks and recently destroying 210 million NOT tokens worth more than $3 million, to demonstrate its determination to maintain the value of the project and promote market health.
Through continuous innovation and hard work, Not is expected to maintain its position as the largest "click-to-earn" game project on the Telegram platform, continue to lead the trend, and attract more users' attention and participation.
Not's price analysis reveals its great potential to break through the highest price in history, but the realization of this goal still depends on specific market conditions and the actual progress of project development. As a shining pearl on the TON network, Not not only carries investors' ardent expectations for its future growth, but also stands out in the increasingly prosperous field of games and meme coins with its unique charm and strength, winning the enthusiastic support and high attention of the majority of community members.
