- Notcoin price has surged by 75% in the past 3 days.
- The Notcoin price has dropped by 12% in the past few hours.
- According to the trading volume, Notcoin ranks 15th in the cryptocurrency market.
The chart structure of the Notcoin price displays that bulls have dominated for the past few days. The price has faced resistance from the $0.0075 mark and reacted negatively by losing 40% in a week.
When writing, the Notcoin price traded at $0.009155 with an intraday gain of 5.50%. Its market capitalization is $930.01 Million and has increased by 56% in the last 24 hours. The 24-hour trading volume is $1.14 billion, which has surged by 500%.
A Massive Change in the Volume Detected
Based on the given data, the trading volume has jumped by 500% in the past few hours, and its current ranking is 15th in the cryptocurrency market. It has surpassed Ripple (XRP), Shiba Inu (SHIB), and Cardano (ADA) in terms of Volume. Suppose the trading volume becomes stable, the NOT crypto price may sustain at a high.
Notcoin Price Triggered a Pullback on 4-H Timeframe
In a 4-H time frame, the NOT crypto price has been bullish, triggering a breakout from the $0.00800 level, and retested successfully. If the current running candlestick closes over the $0.00800 hurdle, buying momentum for the long term can be possible.
Suppose the chart structure attracts buyers; the buyers may lift the price to an all-time high. On the other hand, if the Notcoin price slips below the $0.00800 level and sustains, selling pressure can be expected.
Turning to the technical indicators, the Notcoin price is trading over the significant moving average, which showcases the bullish trend. RSI is 83, which has rapidly climbed to the overbought zone.
Technical Analysis of the Notcoin Price Over a 1-D Timeframe
On a daily time frame, the NOT crypto price has triggered a pullback and surpassed the last swing high with strong buying momentum. If the digital crypto price manages to sustain itself over the last swing high, buyers may become confident and dominate further.
Alternatively, if the Notcoin price fails to sustain itself over the last swing high, then most short-term investors might prefer to book profit. That may lead to a bearish momentum.
Is Today the Best Day for Notcoin After Its Launch?
It was the best day for #Notcoin after launching 🤩
— Web3_Vibes (@W3Vibes) May 27, 2024
☑️ $NOT grew by +68% with a big volume of purchases. $NOT is very Bullish now
☑️It looks like most people who received tokens for free sold them, this is the main reason for today's growth pic.twitter.com/vJ3J1NxUNp
Based on the source on ‘X,’ today (May 28, 2024) is the best day for Notcoin since its launch. However, the NOT crypto price has gained around 68% on an intraday session. Most X users say that they are 100% bullish on $NOT.
Conclusion
The recent surge in trading volume and price movement of the Notcoin indicate a significant shift in the cryptocurrency market. The bullish trend and the breakout from the $0.00800 level suggest potential for long-term buying momentum.
However, monitoring the sustainability of the price over the last swing high is crucial to gauge buyers’ confidence. The rapid increase in trading volume and market capitalization, coupled with the technical indicators, point towards a bullish trend for Notcoin.
Technical Levels
According to the chart structure, the Notcoin crypto price is expected to face resistance from the $0.0100 and $0.0120 levels. The NOT price may take support on the $0.00800 and $0.00500 levels if sellers dominate.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.