Notcoin (NOT) Gains Momentum: How High Can It Go?

Notcoin ($NOT ), one of the most popular altcoins in the Toncoin ecosystem, ended its consolidation phase with the rise it made the other day.

The Telegram-supported Toncoin ecosystem, which gained great momentum in early 2024, may flare up again in the coming weeks. NOT in the Toncoin ecosystem has increased by 14 percent in the last 24 hours, marking a potential breakout.

Crypto analysis site AMBCrypto discussed the levels that NOT could reach if it continues its upward cycle.

#Notcoin (NOT), which has increased by more than 10 percent in the last 24 hours, is walking step by step towards a new record. Despite the recent increases, NOT remains 70 percent below its all-time high. Analysis predicts that a positive market cycle will push the NOT price to record levels.

Crypto analyst Ali Martinez stated that the “falling wedge” breakout on the NOT chart indicates the next price level of $0.012.

Martinez stated that #NOT has been consolidating since it broke out of the falling wedge and that the accumulation phase in question lasted two weeks. According to the analyst, the accumulation phase will contribute to NOT creating strong momentum and achieving further gains.

AMBCrypto, which prepared a review based on Martinez’s analysis, stated that Notcoin is facing buying pressure and gaining momentum.

AMBCrypto noted: “Notcoin is currently in an uptrend and enjoying positive sentiment. As the upward momentum continues to increase, further gains can be seen in the NOT price.”

The analysis emphasized that NOT’s open interest rate increased by 20 percent, reaching its highest level in three months. The increase in open interest rates indicates that investors are actively taking new transactions.

AMBCrypto predicted that NOT will reach $0.00992 in the short term and if it breaks this point, it could touch $0.012.