Notcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/notcoin-price-rises-after-a-30-day-decline/" data-wpel-link="internal">Notcoin Price Rises After a 30-Day Decline</a> 
The price of Notcoin, which fell by 28% in the last 30 days, started to rise today. At the time of writing, the price of NOT was trading at $0.0084, indicating that broader <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market conditions</a> might be stabilizing. Can the <a href="https://en.coin-turk.com/cryptocurrencies-enter-election-promises/" data-wpel-link="internal">cryptocurrency</a> maintain this increase? We analyze it with on-chain <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> and chart analysis. 
<h2 class="p1" style="text-align: justify" id="what-is-happening-with-not">What Is Happening with NOT?</h2> 
Three months ago, Notcoin (NOT) managed to reach an all-time high of $0.028. This increase occurred a few weeks after Telegram’s touch-to-earn mining project conducted an airdrop event for its users. Since then, the price of NOT has dropped significantly by 70% due to substantial profit-taking and issues surrounding Telegram CEO Pavel Durov. 
Despite these setbacks, data from Santiment shows a shift in sentiment from bearish to bullish. On September 1, Notcoin’s Weighted Sentiment was -0.66. Increases in this data indicate many positive mentions of a project, while a decrease reflects a bearish trend. As of now, the sentiment has improved to -0.21, indicating a significant reduction in online negative sentiment. If the data rises into the positive territory, it could lead to increased demand for the token. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-385273 size-full" src="https://coin-turk.com/wp-content/uploads/2024/09/not-scaled.webp" alt="" width="2560" height="867"> 
Despite the recent downtrend, Notcoin holders have shown significant patience. According to data from IntoTheBlock, the average holding period for traded assets increased by 247% in the last seven days. This data reflects the duration a cryptocurrency is held before being traded. A decrease in holding period usually indicates more market participants are selling, which can exert downward pressure on the price. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-385272 size-full" src="https://coin-turk.com/wp-content/uploads/2024/09/notcoin.webp" alt="" width="1200" height="800"> 
<h2 class="p1" style="text-align: justify" id="not-chart-analysis">NOT Chart Analysis</h2> 
On the daily chart, Notcoin appears to be breaking out of the downtrend it has faced since July and is trading around the $0.0084 support level, which triggered the rise to $0.028 in June. However, this does not guarantee a repeat of the previous process. 
Attempts to retest $0.014 have failed, indicating it could be a challenging target. If the bulls can defend the $0.0084 support, Notcoin’s initial target could be around $0.0095 and potentially rise to $0.010. However, if the token falls below the critical support, these scenarios could be invalidated, and if that happens, Notcoin’s price could drop to $0.0077. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-385271 size-full" src="https://coin-turk.com/wp-content/uploads/2024/09/not-grafik.webp" alt="" width="2048" height="1157"> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/notcoin-price-rises-after-a-30-day-decline/" data-wpel-link="internal">Notcoin Price Rises After a 30-Day Decline</a></h5>
The post <a href="https://en.coin-turk.com/notcoin-price-rises-after-a-30-day-decline/" data-wpel-link="internal">Notcoin Price Rises After a 30-Day Decline</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Notcoin Price Rises After a 30-Day Decline

Table of Contents

COINTURK NEWS

Other articles published on Sep 3, 2024

Outrage as Ailing Binance Exec Denied Wheelchair, Forced to Limp in Court

Avalanche Foundation Announces infraBUIDL() Program to Boost Blockchain Tooling and Infrastructure

Crypto platform resumes UK registrations after 10-month FCA compliance pause

Analyst Predicts 23,500% Surge for JASMY – Here’s Why

FBI Warns: North Korean Hackers Targeting Crypto Firms

VanEck’s Bold Bitcoin Prediction: On average about $2.9M by 2050

Join our free newsletter for daily crypto updates!