Notcoin

bullish

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/notcoin-price-rebounds-after-30-day-slump" data-wpel-link="internal" rel="noopener noreferrer nofollow">Notcoin Price Rebounds After 30-Day Slump</a><br></p>
<p style="text-align: justify">The price of Notcoin (NOT), which had plummeted by 28% over the past month, has begun to rise once more. Currently trading at $0.0084, this shift in price suggests a potential stabilization in broader <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market conditions</a>. With on-chain <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data</a> and chart analysis, we examine whether the cryptocurrency can sustain this upward movement.</p>
<h2 id="what-is-happening-with-not">What Is Happening with NOT?</h2>
<p style="text-align: justify">Three months ago, Notcoin reached an all-time high of $0.028, following an airdrop event tied to Telegram’s touch-to-earn mining project. However, subsequent substantial profit-taking and controversies involving Telegram CEO Pavel Durov caused the price to decline by 70%. Despite these challenges, data from Santiment indicates a shift from bearish to bullish sentiment. Weighted Sentiment improved from -0.66 on September 1 to -0.21, signaling a significant reduction in online negativity. If this trend continues into positive territory, it may boost demand for the <a href="https://en.bitcoinhaber.net/memecoins-make-strides-in-solana-network" data-wpel-link="internal" rel="noopener noreferrer nofollow">token</a>.</p>
<p style="text-align: justify">Despite recent declines, Notcoin holders have exhibited remarkable patience. Data from IntoTheBlock reveals that the average holding period for Notcoin assets surged by 247% over the last week. Typically, a shorter holding period suggests increased selling activity, which can put downward pressure on the price.</p>
<h2 id="not-chart-analysis">NOT Chart Analysis</h2>
<p style="text-align: justify">On the daily chart, Notcoin is attempting to break out of its downtrend since July and is currently trading near the $0.0084 support level, which previously triggered a rise to $0.028 in June. However, replicating this process is not guaranteed. Attempts to retest the $0.014 level have been unsuccessful, indicating it could be a difficult target to achieve. If the bulls can maintain the $0.0084 support, an initial target could be $0.0095, potentially rising to $0.010. Conversely, if the token falls below this critical support, the price could drop to $0.0077.</p>
<h2 id="key-insights-for-investors">Key Insights for Investors</h2>
<p style="text-align: justify">– The shift from bearish to bullish sentiment suggests improving market perception.<br> – The increased holding period indicates strong investor confidence and reduced selling pressure.<br> – Critical price levels to watch: $0.0084 as support and $0.014 as a challenging resistance.</p>
<p style="text-align: justify">The resurgence in Notcoin’s price after a substantial decline highlights the volatility inherent in the cryptocurrency market. Investors should remain cautious and consider both technical analysis and market sentiment before making any trading decisions.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/notcoin-price-rebounds-after-30-day-slump" data-wpel-link="internal" rel="noopener noreferrer nofollow">Notcoin Price Rebounds After 30-Day Slump</a></h5>

Notcoin Price Rebounds After 30-Day Slump

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