Will Notcoin (NOT) continue its rise?

Notcoin (NOT), which has increased by nearly 10 percent in the last 24 hours, is showing signs of recovery in the short term.

Notcoin (NOT), which was launched on the $$TON blockchain, has gone through difficult days due to the legal processes of Telegram CEO Pavel Durov.

AMBCrypto stated that NOT, the first Telegram game to be released, has gained optimism in recent days. According to the analysis, NOT, which shows signs of revival, may record a significant increase by the end of the week.

It was reported that the token, whose transaction volume increased by 67 percent, managed to break out of a formation representing a downward trend.

NOT, which is among the top 100 cryptocurrencies by market value, was among the biggest winners of the day with a 10 percent growth in the last 24 hours.

AMBCrypto, who examined the NOT/USDT trading pair, said: “Looking at the 4-hour time frame, NOT recently broke out of the falling wedge formation that it consolidated throughout August.”

NOT, which is struggling to stay above the 200 exponential moving average (EMA), may arouse the bulls’ appetite if it holds in the said price area. According to the analysis, the rise may continue if the chart view is maintained.

In the analysis, which includes a prediction as “$NOT may offer a return of over 25 percent by the end of the week,” it was reported that short-term data supports the upward momentum.

The following sentences were included at the end of the analysis: “If the NOT/USDT pair cannot stay above the breaker level or the 200 EMA, investors are advised to be careful when taking long (bullish) positions.”

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