- The fear and greed index for the Notcoin shows greed among the investors.
- Notcoin is a new crypto in the market that was released a few days ago.
Notcoin (NOT) is a community token within a viral Telegram game where players earn tokens by tapping their phones.
Launched on January 1, 2024, it operates in the Toncoin (TON) ecosystem. NOT tokens can be used in-game, traded on exchanges like Binance, and used for staking and other ecosystem activities.
Price Overview Chart of NOT | Source: CoinMarketCap
The Notcoin crypto has huge liquidity, followed by a volume/market cap ratio of 61.19%. This further results in a traded value of $1.264B over the last 24 hours while the crypto market cap value is $2.079B.
Despite being a new coin in the market, crypto has ranked #51 in the global crypto market. The circulating supply of the crypto is equal to its maximum supply.
The current trading price of the crypto at press time is down by 30% from its all-time high price of $0.02896, which was achieved six days ago.
The crypto further has an outstanding market presence followed by a market cap dominance of 0.08%. The price of the crypto further is trading close to its cycle high.
Notcoin Derivatives Data Analysis
Over the last few days, higher long liquidation in crypto has been seen, which indicates profit booking in crypto.
Notcoin Crypto Derivatives Liquidation Chart | Source: Coinglass
In the last 24 hours, crypto has witnessed an increase of 27% in its derivatives trading volume while the open interest has declined by 25%. This shows that traders are closing their positions on Notcoin.
The recorded long liquidation for the Notcoin crypto is worth $4.84M, and the short liquidation for the crypto values $2.73M, followed by a long/short ratio of 0.9482.
NOT Crypto Technical Analysis
After a strong surge to certain higher levels, the NOT crypto price started to witness profit booking from the higher levels, and the crypto price has been slowly slipping to the lower levels since then.
NOT Crypto Daily Price Chart | Source: TradingView
The NOT crypto was launched on 22nd April 2024, and the price of the crypto has advanced by 330% since then, hitting its all-time high price.
After hitting an all-time high, the crypto price declined by 40%, which shows that the overall crypto trend is still bullish. Moreover, the crypto price has been rejected by a dynamic resistance trendline.
If the crypto price breaks further above the dynamic range and is sustained above the same, a further surge in the trading price of the crypto might be seen.
NOT/USD Chart by TradingView.com
The price of the NOT crypto is taking support at the 50-day EMA on the daily chart at press time, followed by the price following an existing bullish momentum.
The Bolinger band is contracting further on the charts, indicating the upcoming volatility in the crypto price.
The MACD and the signal line trade in a death cross on the charts, followed by the formation of the bearish histograms. The metrics of the MACD further have declined to the median level.
The RSI has been receiving rejection from the 14-day SMA for some time and has slipped below the 50 level. This shows a decline in the momentum of the crypto.
Summary
Notcoin (NOT) has seen a 30% drop from its all-time high, trading close to its cycle high amid profit booking and dynamic resistance.
Despite its bullish start, recent declines suggest uncertainty. The technical indicators show potential for volatility and mixed momentum, with a contracting Bollinger band and a bearish MACD crossover.
The support levels for the NOT crypto are $0.0110 and $0.0170, and if the momentum of the crypto surges, it might face resistance at the levels of $0.0290 and $0.050.
Disclaimer
This article is for informational purposes only and does not provide any 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.