Notcoin (NOT) Ignites Crypto Market, Analyst Predicts 25% Rally

Source Newsbtc

With its price going up and down like the rest of the altcoin market, Telegram’s Notcoin (NOT) has somehow attracted a considerable number of investors.

During the last cycle, the coin dropped an uncomfortably steep 20% before making a small 1.2% comeback. Trading moved up by 11%, reaching an impressive $238 million despite recent declines in the market.

NOT/USDT has caught the radar of ZAYK Charts, which has observed a so-called pennant shape developing that could indicate a price spike is underway.

Based on figures gathered by the analyst, a breach of this pattern could set in motion a 25% rally. At $0.0153, the token faces crucial support points. Whether the price falls or stays the same, $0.01478 or $0.01437 could help.

Based on what ZAYK stated in his observation, the pattern shown on the Notcoin chart is a classic example of a technical pattern which usually indicates that a large price movement is expected soon.

It is likely that the coin will mark the end of the consolidation period and the beginning of a new uptrend if it is able to successfully break above the falling trendline. This would be a positive development with regard to the coin’s price. This would provide investors with an attractive chance to enter the market.

Notcoin Ecosystem Expansion

Apart from the encouraging technological perspective, Notcoin has been advancing the expansion of its ecosystem. In partnership with the 1inch organization, and Sign, an attestation system, the project just kicked off “The Triangle,” an accelerator program.

Laying down the groundwork for progress inside the TON ecosystem is one of the project’s goals. Giving developers and company owners technical direction, instructional tools, and community events allows them to produce this. This behaviour has show Notcoin’s focus and capacity to weather the storm.

Notcoin Price Forecast

The Notcoin price prediction projects that by August 14, 2024 the altcoin will skyrocket by 235% and settle at $0.052105. According to projections, the present mood is positive; the Fear & Greed Index comes out as neutral at 52.

Notcoin has had a 13.77% price volatility over the past 30 days and recorded 12 out of 30 (or 40%) green days. These measures point to a vibrant and favourable market for the performance of the token.

The combination of technical considerations, ecosystem expansion activities, and the optimistic price prognosis implies that Notcoin might be positioned for a strong rise in the next months, ZAYK stated.

Featured image from Pexels, chart from TradingView

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold sinks as risk appetite improves on Trump-Powell calm, China tariff relief hopesGold prices plunged more than 2.50% on Wednesday as risk appetite improved due to a possible de-escalation of US-China tensions and US President Donald Trump's statement that he doesn’t plan to fire Federal Reserve (Fed) Chair Jerome Powell.
Author  FXStreet
Yesterday 01: 32
Gold prices plunged more than 2.50% on Wednesday as risk appetite improved due to a possible de-escalation of US-China tensions and US President Donald Trump's statement that he doesn’t plan to fire Federal Reserve (Fed) Chair Jerome Powell.
placeholder
Bitcoin Price Stabilizes After Surge — Is It Gearing Up for Another Leg Up?Bitcoin price is moving higher above the $93,200 zone. BTC is consolidating gains and might continue higher above the $94,000 zone in the near term.
Author  NewsBTC
22 hours ago
Bitcoin price is moving higher above the $93,200 zone. BTC is consolidating gains and might continue higher above the $94,000 zone in the near term.
placeholder
Gold price bulls could regain control amid fading US-China trade deal optimismGold price (XAU/USD) attracts fresh buyers during the Asian session on Thursday, reversing the previous day's heavy losses and snapping a two-day losing streak to the $3,260 area or the weekly low.
Author  FXStreet
20 hours ago
Gold price (XAU/USD) attracts fresh buyers during the Asian session on Thursday, reversing the previous day's heavy losses and snapping a two-day losing streak to the $3,260 area or the weekly low.
placeholder
Forex Today: Easing geopolitical tensions support USD ahead of mid-tier dataThe US Dollar (USD) stays resilient against its peers early Thursday after posting gains for two consecutive days.
Author  FXStreet
18 hours ago
The US Dollar (USD) stays resilient against its peers early Thursday after posting gains for two consecutive days.
placeholder
Gold price snaps selling off after fresh Trump comments on tariffsGold price (XAU/USD) is turning positive, recovering above the $$3,300 level at the time of writing on Thursday after two days of firm selling pressure since it topped at $3,500 on Tuesday.
Author  FXStreet
16 hours ago
Gold price (XAU/USD) is turning positive, recovering above the $$3,300 level at the time of writing on Thursday after two days of firm selling pressure since it topped at $3,500 on Tuesday.
goTop
quote