#NOT still performed well despite the poor market conditions, soaring 12.12%; how long will this upward trend last?
In the past 24 hours, the cryptocurrency market has been violently volatile. Although Bitcoin (BTC) suffered a sharp drop of $54,000, it quickly recovered its losses and is now trading above $57,000. At the same time, Notcoin suddenly emerged,
It rebounded strongly from the low of $0.00912 on Friday, opening an upward channel. The increase has exceeded 50% so far, demonstrating extraordinary resilience.
Notcoin market dynamics:
Notcoin’s market capitalization climbed to US$1.6 billion, ranking 49th on the cryptocurrency market capitalization list. Its daily trading volume surged 307% to US$1.1 billion, and its activity increased significantly.
It is worth noting that the currency’s total open interest increased by 61% daily, jumping from US$115 million to US$185 million, reflecting increased market volatility or being affected by liquidation activities.
Currently, Notcoin is trading at $0.017258, with a 24-hour trading volume of $1.13 billion, and an increase of 12.12% in the past 24 hours.
Market Sentiment Watch:
The overall market sentiment is complex. Bitcoin's RSI indicator is at a low of 24, suggesting the possibility of a correction, while the Fear and Greed Index has slipped into the fear zone, which is regarded as a potential buying signal.
As Warren Buffett said, when market sentiment reverses, it is when investors should show greed, and vice versa. The current environment may be giving birth to new opportunities.
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