Notcoin (NOT), the popular tap-to-earn game, is experiencing a surge in price after a recent dip. This analysis dives into NOT’s 24-hour performance, considering its current momentum and potential for future growth.

Price Action: Rebounding from Recent Lows

NOT dipped to a 48-hour low of $0.01568, but it has since reversed course. Over the past day, the price climbed steadily, reaching a high of $0.017 before settling at around $0.016457. This translates to a respectable gain of approximately 2.92%.

Acknowledging the positive sentiment prevailing in the broader cryptocurrency market is important. The global market experienced a 12.60% increase in the last seven days, potentially providing a tailwind for NOT’s recent upswing.

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Underperformance Compared to the Pack

While NOT’s price increase is encouraging, it’s worth noting that it lags behind the overall market performance. Over the past week, NOT only managed a 4.60% increase, which falls short of the broader market’s gains. This could indicate that NOT’s growth is driven by factors specific to the tap-to-earn game rather than solely riding the cryptocurrency market wave.

All-Time High in Sight?

Despite the recent underperformance, NOT’s current run could be a precursor to a more significant price jump. NOT’s all-time high is $0.02896, reached in early June 2024. With a positive trend established and potentially renewed investor interest, NOT could be poised to challenge soon.

Trading Volume: A Cause for Concern?

One potential concern amidst the positive price movement is the decline in trading volume. Compared to the previous 24 hours, trading volume for NOT has dropped by a significant 24.92%. This could indicate that a smaller pool of active traders might fuel the recent price increase. Higher trading volume is typically associated with more sustainable price movements.