Following a brief bearish period, Notcoin has regained momentum amid a bullish reversal in the cross-border financial system. The altcoin is now on the verge of testing its crucial resistance level. Moreover, this shift in sentiment has led to increased optimism among investors.
The recent price pump has led to a surge in search volume for questions like “Will Notcoin hit $0.01?” and “Is it worth buying Notcoin crypto?” Consequently, investors are planning to capitalize on the upcoming bull rally.
Notcoin Price Analysis and Targets
The NOT price has recorded a 18.15% correction over the past week. However, the altcoin has regained momentum, with a 64.46% surge in trading volume and a 13.71% jump in valuation within the past 24 hours. Furthermore, the altcoin has jumped 26.98% within the past 30 days, indicating a long-term bullish influence.
Notcoin’s Current Market Position
With a trading price of $0.01810, a total supply of 102,701,033,769 NOT tokens, and a market cap of $1.884 billion, Notcoin has secured the 51st spot in the global crypto-list in terms of market capitalization.
Technical Analysis Supports Bullish Sentiment
The Simple Moving Average (SMA) constantly supports the price chart in the 1D time frame, suggesting increasing bullish sentiment for the altcoin. Additionally, the MACD technical indicator displays a constant rise in the green histogram, indicating an increase in buying pressure.
If the market pushes the Notcoin price above the resistance level of $0.01910, the bulls will regain momentum and prepare to test its resistance level of $0.02475. Maintaining the price at that level will set the stage for NOT crypto to attempt to retest its upper resistance level of $0.02945.
On the downside, if the bears overpower the bulls, the price would lose momentum and prepare to test its crucial support level of $0.01340. Furthermore, if the bears continue to dominate the market, Notcoin will plunge further and prepare to test its lower support level of $0.00860.
Read Also: Notcoin (NOT) Price Prediction: Can It Reach $0.03 in 2024?
In conclusion, the recent price surge and bullish technical indicators suggest that Notcoin could be poised for a significant rally in the near future. Investors should closely monitor the altcoin’s performance and be prepared to capitalize on the potential upside.
