- NOT crypto price delivered over 280% positive return during the weekly trading session at the time of writing.
- An increase of over 20% has also been observed in the price intraday.
- The current price is trading in the blue-sky zone.
Starting out as a viral Telegram game, Notcoin (NOT) onboarded many users into Web3 through a tap-to-earn mining mechanic. NOT is a community token through which users can explore, play, contribute, and add value to the ecosystem.
Conversely, NOT has been gaining so much appreciation from investors these days. The token has been trading in a blue-sky zone for the past few days.
Will Notecoin Sustain the 280% Gain in the Current Session?
NOT token price has shown enormous growth since May 16, 2024 – surging 690%. Afterward, the price experienced a strong bullish correction. It declined over 70% to the $0.0046 demand zone.
$0.046 played a strong psychological role for investors, which can be seen in the Notcoin movement. The price reflected a 350% upsurge from that level. It is trading at $0.0192 in the blue sky zone and can sustain itself above the $0.0154 level. NOT community is showing 92% bullish sentiments today as well.
Price, Volume and Social Dominance Analysis
The rise of tweets on social media platforms has positively influenced the price of NOT. The price growth reflects a correlation with social dominance. In a short span, the crypto price gained much appreciation from social platforms.
It covered an average social dominance of 50% in the crypto world. While social sentiments are fading, the price remains uninfluenced.
Technical Analysis of the Notcoin (NOT/USD)
![Notcoin](https://themarketperiodical.com/wp-content/uploads/2024/06/image-10-1024x447.png)
The long-term outlook lies above the key exponential moving averages on the bullish side. The price is moving far above the 50-day EMA, reflecting a strong uptrend.
NOT price has shown strong buying pressure from the $0.0086 key level. That resulted in the breakout from the $0.0171 major resistance level.
The current price is moving at its peak. It reflects a strong bullish outlook as per the price action technical analysis. However, a bearish look can be expected below the $0.0112 short-term low.
The relative strength index (RSI) shows strong bullish momentum in the current trading session. This reflects the buyers having more domination in the current session. The RSI is moving at 87.83 above the SMA line.
Summary
The Notcoin crypto price has been showing strong bullish momentum since May 27, 2024. The crypto has reflected over a 300% upsurge since then. Conversely, the buyers are rallying the current price into the blue sky zone.
As per price action analysis, the price reflects a strong bullish outlook. A bearish look can be expected below the $0.0112 short-term low.
Technical Levels
When writing, the immediate resistance for NOT was $0.0209, while the $0.0112 level was the next support. The price may continue surging unless a strong selling happens in the current sessions.
Disclaimer
The views and opinions stated by the author or any people named in this article are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.