With This Altcoin Rise

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Notcoin (NOT) is up nearly 40% in the last 24 hours and has gained over 100% on the weekly chart. The recent significant rise has trended side by side with GameStop (GSTOP), which was on the CoinMarketCap trend list on May 30.

NOTE Price Analysis

In the recently published Notcoin price analysis report, it was stated that the Telegram-based Web-3 gaming token could gain 38%. Based on key technical chart indicators, the rally is not far from being curbed. According to bullish data on the relative strength index (RSI) indicator, NOTE has experienced strong buying pressure.

Additionally, capital inflows into the NOTE markets have increased since May 28, as evidenced by the rise above the average level of the chaikin money flow (CMF) indicator. According to the data obtained, it shows an upward momentum for the price of NOT. Additionally, a rise above the 38.6% Fib level at $0.0095 could force the market structure into a bullish trend on the lower timeframe, in which case further rises are likely.

Analytics Reports in NOTE

NOTE could gain an additional 14% if it breaks above the 0% Fib level of the recent high of $0.012 in the next few hours or days. However, liquidity heat maps showed that a short pullback towards the 20-day EMA cannot be ruled out. Coinglass liquidation data showed that there are significant liquidity clusters around $0.011 and $0.013 on the 24-hour chart. In general, market manipulation by market makers can lead to liquidity hunting for both levels, the closest and the farthest level from the current price level.

If the scenario plays out, NOT could reach $0.013 and drop slightly to $0.011 before trying to surpass the recent high.

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