"Notcoin$NOT
40% surge against the market! The amazing secret behind the new high"
Contracts are simply harmful, not as strong as NOT
Against the backdrop of a falling market, Notcoin (NOT) actually rose 40% against the market
, reaching a record high of $0.012, and its market value soared to $1.218 billion!
This Telegram-based cryptocurrency has risen an astonishing 150% in the past week, making people wonder: Is this "non" coin cheating?
Notcoin not only has 1.6 million on-chain holders, surpassing popular meme coins such as BONK and PEPE, but its daily trading volume has also soared 18%, exceeding $1.2 billion. However, what is worrying is that NOT's relative strength index (RSI) has reached 83, which is in the overbought area. Analysts warn that this may mean that major shareholders (whales) are manipulating prices behind the scenes.
Since its official debut on May 16, Notcoin has experienced crazy ups and downs.
Although it fell to $0.004500 on May 23, it has since rebounded quickly, surpassing its previous all-time high. More than $5.9 million in short positions were closed in the past 24 hours, triggering a wave of liquidations.
In order to maintain its upward price trajectory, Notcoin may need a cooling-off period to allow the RSI to drop below 50, thereby mitigating the risk of excessive speculation and creating a more stable market environment for Notcoin.
Investors, please hold on to your NOT coins, this "non" coin carnival has just begun! #not完美把我双杀了
