Notcoin

Resistance

Convergence

Gains

Divergence

Notcoin Price Prediction: NOT, a <a href="https://coingape.com/videos/explainers/what-is-the-hype-around-telegrams-not-coin/">Telegram</a>-based cryptocurrency, has seen a significant gain of 6% over the past day following the market rebound. The altcoin hovers above $0.015, indicating a strong upward trend in its trading patterns.&nbsp; 
As of this writing, Notcoin price is $0.0158, surging 22% during European trading hours. 
According to <a rel="nofollow" href="https://coinmarketcap.com/currencies/notcoin/">CoinMarketCap data</a>, Notcoin’s current market capitalization is $1.6 billion. Notably, Notcoin’s trading volume has also increased, now reaching $1 billion, underscoring a vibrant trading activity among investors.&nbsp; 
<figure id="attachment_206452" aria-describedby="caption-attachment-206452" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-206452" src="https://cdn.coingape.com/wp-content/uploads/2024/07/08152013/NOTUSDT_2024-07-08_12-40-15.png" alt="Notcoin Price Prediction: Market Rebounds Strongly, Is $1 the Next Stop?" width="1228" height="649" srcset="https://cdn.coingape.com/wp-content/uploads/2024/07/08152013/NOTUSDT_2024-07-08_12-40-15.png 1228w, https://cdn.coingape.com/wp-content/uploads/2024/07/08152013/NOTUSDT_2024-07-08_12-40-15-300x159.png 300w, https://cdn.coingape.com/wp-content/uploads/2024/07/08152013/NOTUSDT_2024-07-08_12-40-15-1224x647.png 1224w, https://cdn.coingape.com/wp-content/uploads/2024/07/08152013/NOTUSDT_2024-07-08_12-40-15-768x406.png 768w, https://cdn.coingape.com/wp-content/uploads/2024/07/08152013/NOTUSDT_2024-07-08_12-40-15-150x79.png 150w" sizes="(max-width: 1228px) 100vw, 1228px">
 <figcaption id="caption-attachment-206452" class="wp-caption-text">
 Notcoin Price Prediction
 </figcaption>
</figure> 
Notcoin has witnessed an 11% increase in its value, showcasing robust investor confidence. The cryptocurrency ranged between $0.009 and $0.0165 over the past week, indicating notable market volatility. As of July 5, Notcoin’s price escalated from $0.0091, reaching an intraday high of $0.01633 today.&nbsp; 
<h2 id="span-style-font-weight-400-notcoin-price-prediction-potential-for-major-gains-as-market-shows-strength-span">Notcoin Price Prediction: Potential for Major Gains as Market Shows Strength</h2> 
Data from <a rel="nofollow" href="https://www.coinglass.com/currencies/NOT">Coinglass</a> reveals that Notcoin’s total open interest surged dramatically by 90% in just three days. Notcoin price rose from $101.56 million on July 6 to $192 million on July 8. Such a rapid escalation in open interest typically precedes significant price fluctuations due to increased liquidations. 
Further insights from Coinglass disclose that Notcoin’s aggregated funding rate hit 0.22% in the last 24 hours. This surge highlights a predominant increase in long trading positions, pointing to a bullish sentiment among traders. 
<h2 id="span-style-font-weight-400-could-not-price-break-0-016-resistance-on-current-uptrend-span">Could NOT price Break $0.016 Resistance on Current Uptrend</h2> 
<a href="https://coingape.com/markets/notcoin-price-forecast-can-it-hit-0-05-with-rising-tap-to-earn-game-popularity/">Notcoin</a> is currently showing signs of a robust recovery, potentially signaling the onset of a bullish trend. Notcoin could break through the $0.016 resistance barrier if this momentum continues. This upward move propels its price towards $0.02 and could reach as high as $0.1 in the near future. 
On the flip side, if the market sentiment deteriorates, Notcoin might stabilize around the $0.015 support level. In a sustained bearish phase, the price might drop to about $0.014. These fluctuations highlight the inherent volatility within the cryptocurrency market. 
<h2 id="span-style-font-weight-400-technical-indicators-point-to-sustained-growth-span">Technical Indicators Point to Sustained Growth</h2> 
The 4-hour<a href="https://coingape.com/glossary/rsi-relative-strength-index"> technical indicators</a> for Notcoin (NOT) show a recent rebound after a continuous downward trend. The Relative Strength Index (RSI) indicates a value of 63.20, moving above the neutral 50 level, suggesting a growing bullish momentum. The RSI’s recent rise from a low of 69 points towards increasing buyer interest. 
The Moving Average Convergence Divergence (MACD) has begun to show promising signs of a bullish crossover. The MACD line (blue) has moved above the signal line (orange), signaling a potential upward movement in price. The histogram also supports this outlook, transitioning from negative to positive bars, indicating a shift in momentum toward the buyers. 
<figure id="attachment_206451" aria-describedby="caption-attachment-206451" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-206451" src="https://cdn.coingape.com/wp-content/uploads/2024/07/08151724/NOTUSDT_2024-07-08_12-38-01.png" alt="Notcoin Price Prediction: Market Rebounds Strongly, Is $1 the Next Stop?" width="1228" height="649" srcset="https://cdn.coingape.com/wp-content/uploads/2024/07/08151724/NOTUSDT_2024-07-08_12-38-01.png 1228w, https://cdn.coingape.com/wp-content/uploads/2024/07/08151724/NOTUSDT_2024-07-08_12-38-01-300x159.png 300w, https://cdn.coingape.com/wp-content/uploads/2024/07/08151724/NOTUSDT_2024-07-08_12-38-01-1224x647.png 1224w, https://cdn.coingape.com/wp-content/uploads/2024/07/08151724/NOTUSDT_2024-07-08_12-38-01-768x406.png 768w, https://cdn.coingape.com/wp-content/uploads/2024/07/08151724/NOTUSDT_2024-07-08_12-38-01-150x79.png 150w" sizes="(max-width: 1228px) 100vw, 1228px">
 <figcaption id="caption-attachment-206451" class="wp-caption-text">
 Notcoin Price Prediction| Source: <a rel="nofollow" href="https://www.tradingview.com/x/WciKNSs9/">TradingView</a>
 </figcaption>
</figure> 
The Average Directional Index (ADX) remains high at 46, indicating a strong trend in the market. Meanwhile, the Awesome Oscillator (AO) displays a transition from red to green bars, suggesting a potential shift in momentum from bearish to bullish. 
The post <a href="https://coingape.com/markets/notcoin-price-prediction-market-rebounds-strongly-is-1-the-next-stop/">Notcoin Price Prediction: Market Rebounds Strongly, Is $1 the Next Stop?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Notcoin Price Prediction: Market Rebounds Strongly, Is $1 the Next Stop?

Table of Contents

Coingape News Media

Autres articles publiés le 8 juil. 2024

Chainlink Whales Bag Over 6.2M Coins Amid LINK Weekly Correction, Rebound Ahead?

Solana Price Forecast As Investment Inflow Hits Record, Can SOL Hit $200 This Summer?

Bitcoin, Crypto Struggles As Fear & Greed Index Falls To FTX Crash Levels

Hamster Kombat Token Skyrockets 10000%! Huge Opportunity!

Altcoin Lock Release Decisions Affect Market Prices

Ethereum Settles Below $3K: Bearish Sentiment Points to Deeper Decline

Join our free newsletter for daily crypto updates!