Notcoin (NOT) Sparks Crypto Market, Analyst Predicts 25% Rally

Telegram's Notcoin (NOT) has attracted investors despite its fluctuating price like the altcoin market.

In the past cycle, the currency plummeted 20% painfully before recovering 1.2%. Trading rose 11% to $238 million amid market dips.

ZAYK Charts has seen a pennant formation in NOT/USDT, which might suggest a price rise.

The expert estimates a 25% surge if this pattern is broken. The cryptocurrency confronts significant support at $0.0153. If the price lowers or remains the same, $0.01478 or $0.01437 may assist.

ZAYK noted that the Notcoin chart pattern is a classic technical pattern that generally predicts a major price movement.

If the currency breaks above the falling trendline, it may terminate the consolidation phase and start a fresh uptrend. This would boost the coin's price. This would provide investors a tempting market entry.

Apart from its promising technology, Notcoin has been expanding its ecosystem. The initiative launched “The Triangle,” an accelerator program, including 1inch and Sign, an attestation system.

Project aims include laying the framework for TON ecosystem growth. Developers and business owners may do this using technical guidance, educational resources, and community activities. Notcoin has shown concentration and resilience with this behavior.

By August 14, 2024, Notcoin would rise 235% to $0.052105, according to the price projection. Projections show a favorable attitude; the Fear & Greed Index is neutral at 52.

Notcoin has experienced 12 of 30 (or 40%) green days and 13.77% price volatility in the previous 30 days. These indicators indicate a strong token market.

ZAYK said technical factors, ecosystem development, and an optimistic price projection suggest Notcoin may increase strongly in the next months.

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