💵 According to Coingape: $NOT Price Forecast: Bulls Receive New Strength 

Notcoin price performance has been exceptional, with price action sustaining above the 50-day and 200-day simple moving averages (SMA). The NOT price bottomed around May 25, and renewed interest among investors saw the price jump over 115% in four days.

After the initial rise, the NOT price retraced back to $0.0074 before bouncing higher and establishing a new high at $0.0099. Bears took over to cool off the steam, and prices were consolidated for a few hours between $0.0087 and $0.009. This coincided with the 0.5 Fibonacci retracement level. The asset’s price has bounced back and is headed toward the 0.27 fib extension level. This would set it around the $0.011 price target.

In an inverse scenario, NOT may find support around $0.0087 and $0.0075, which coincide with the 50-day SMA.

Notcoin, a Telegram mini-app Tap-to-Earn game, saw its price surge after the project’s team launched ‘Earning Missions,’ a feature that allows users to earn crypto passively on Telegram. In these missions, players earn NOT tokens by completing various tasks, such as guiding players through different communities and learning about other crypto games and apps.

This led to a significant increase in NOT’s open interest on exchanges, jumping from $40 million to $100 million, indicating extreme bullish sentiment in the market. Notcoin enjoyed a successful launch, securing listings on most tier-1 centralized exchanges. Its market cap surged to over $1 billion amid the recent price rally, with a 24-hour trading volume reaching $1.3 billion.