Cryptocurrency

Notcoin Price Analysis: NOT Surges To Crucial Level Amid Massive User Adoption and Promising Technical Analysis. Can It Break Out and Continue Bullish Trend?

Mwangi Enos

Notcoin (NOT) is the revolutionary crypto project built on the TON (The Open Network) blockchain and has taken the crypto world by storm since its launch. By easily blending gaming, mining and blockchain technology, Notcoin has come up with an engaging and viral experience that has caught attention.

As of writing Notcoin is currently trading at $0.02045 with a 3.56% gain in the last 24 hours and a 15.23% gain in the last 7 days. It records a market cap of $2.044 ranking 49th and a 24-hour trading volume of over $1 billion.

One of the most great aspects of Notcoin growth has been its growing user base. According to recent reports on June 9th Notcoin reported a 40 million activated users from its database. This figure is even more amazing when compared to web analytics tools that have reported over 500 million Notcoin users likely multiplying the actual user count by their sessions.

NOT success is naturally tied to the growth of the TON blockchain which has been quietly gaining traction fueled by the massive 900 million user base of the popular messaging app Telegram. This distribution advantage has propelled TON daily active addresses to surpass even those of the Ethereum network.NOT ambitious goal is to introduce web3 technology to the next 300 million people through communities, education and gaming experiences. By combining cutting-edge blockchain technology with an engaging and accessible platform, Notcoin aims to bridge the gap between traditional users and the rapidly evolving world of decentralized applications and crypto.

In addition to its growth in users and visionary goals, Notcoin price performance has also been great over time since launch. After reaching an all-time high of $0.029431 on June 2nd according to TradingView data, Notcoin price experienced a bearish correction trading in a descending triangle pattern.

NOT ambitious goal is to introduce web3 technology to the next 300 million people through communities, education and gaming experiences. By combining cutting-edge blockchain technology with an engaging and accessible platform, Notcoin aims to bridge the gap between traditional users and the rapidly evolving world of decentralized applications and crypto.

In addition to its growth in users and visionary goals, Notcoin price performance has also been great over time since launch. After reaching an all-time high of $0.029431 on June 2nd according to TradingView data, Notcoin price experienced a bearish correction trading in a descending triangle pattern.

However bullish momentum has been building as the price found support at a key Fair value gap level, as reported in our previous analysis and is now testing the resistance level around $0.020. The 4-hour Relative Strength Index currently stands at 58 indicating bullish momentum after dipping into oversold territory at 25 on June 11th. Additionally the Moving Average Convergence Divergence (MACD) indicator is bullish, with the MACD line above the signal line and the histogram above the zero mark line.

If Notcoin succeeds in turning the $0.020 level into a support zone our analysis show a surge towards new all-time highs is more likely. 

Current Notcoin price prediction from Coincodex predict a 227.16% gain reaching $0.066258 by July 16th 2024. This is termed bullish with the Fear & Greed Index showing 71 (Greed). Over the last 30 days Notcoin recorded 15 out of 30 (50%) green days with 50.47% price volatility indicating a favorable market environment for potential gains

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