Altcoins
Is $0.1 imminent with Bybit’s leadership and market rally?
Notcoin Price Forecast: NOT, a Telegram gaming altcoin, has seen a notable rise in its value over the past 24 hours. This increase propelled the altcoin above the $0.012 mark, indicating an upward trend.
Currently, Notcoin price is $0.0127, up 7.19% in the last 24 hours. The market capitalization is $1.3 billion and the 24-hour trading volume is $578.11 million. Despite a decrease in trading volume of 41.48%, the circulating supply remains at 102.72 billion Notcoins, or 100% of its total supply.
Notcoin Price Forecast: Potential for Further Earnings
Over the past week, Notcoin saw an impressive increase of over 156%, reflecting a significant increase in investor interest and market activity. NOT is trading in a range of $0.0049 to $0.014.
Notcoin price prediction
This increase follows an unprecedented increase of approximately 19%, positioning Notcoin as one of the highest appreciating assets in the cryptocurrency market.
Bybit management changes and compensation plan
Launch of Notcoin has prompted Bybit, a leading cryptocurrency exchange, to implement significant management changes and a compensation plan. Following the problems with Notcoin, several managers resigned and Bybit is now looking for new technical and punctual managers to stabilize operations.
To compensate affected users, Bybit announced a 30 MNT airdrop, a $50 trading bonus, and a three-month +1 VIP status upgrade. Existing VIP users can receive up to $500 depending on their membership level. Bybit aims to restore user confidence and market stability through these measures.
Technical indicators suggest bullish momentum for Notcoin
Cryptocurrency NOT the price is experiencing a significant uptrend, suggesting that it may soon enter a bullish phase. If this momentum continues, it will likely break the $0.013 resistance level.
A steady rise could take its value to around $0.019, with expectations to reach $0.02 in the near future. Increased bullish pressure could even push the price to $0.1 during the next bull run.
However, a change in market sentiment could cause Notcoin to stabilize at the $0.012 support level. If a downtrend occurs, the price could fall to $0.011, indicating a bear market. Further bearish pressure could see the price fall to the $0.01 support level.
The 4-hour indicators for Notcoin show a significant uptrend. The Awesome Oscillator (AO) is showing a positive value of 0.002201, indicating bullish momentum in the market. The MACD (Moving Average Convergence Divergence) chart highlights a bullish crossover. The MACD line is above the signal line, reinforcing the uptrend.
Notcoin Price Forecast| Source: Commercial view
The Chaikin Money Flow (CMF) indicator, currently at 0.12, suggests positive capital inflow into Notcoin, indicating that buyers are in control. Additionally, the Relative Strength Index (RSI) stands at 73, indicating that Notcoin is in overbought territory.
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