According to TechFlow, the Notcoin (NOT) project in the Telegram ecosystem announced that it had burned 210 million NOT tokens in one day, worth about $3 million. This move attracted widespread attention from traders, and the price of NOT once rose by 16.40% to $0.0164. At the same time, the Notcoin team plans to distribute $4.2 million worth of NOT tokens to the 'gold and platinum users' of its Explore program.
Technical analysis shows that the NOT price is currently at the lower edge of a descending wedge pattern. If it breaks through the upper edge, it is expected to reach $0.023 to $0.031 in July, an increase of 45% to 100% from the current price. However, if it falls below the lower edge, the price may fall back to $0.011.
