Notcoin (NOT) Price Prediction: Will the Recent Burn and Market Recovery Elevate NOT Beyond $0.02?

The dawn of the Notcoin trade was electrifying, as prices soared by over 600% in a single day. While a precipitous correction of more than 60% was anticipated, the token subsequently initiated another 500% surge to establish a new zenith at $0.028, which garnered immense attention amongst market participants.

Notcoin(NOT) price displayed a splendid single-day rise of over 600% to kick-start the trade on a promising note. However, a massive correction of more than 60% was anticipated, but the token surprisingly initiated another 500% rise to secure a new ATH at $0.028, which garnered immense attention. This move brought the NOT price into a deep bearish zone, which further shaved off 50% of its value. The latest rebound has revived bullish hopes but, at the same time, showcases the possibility of forming another lower high. The NOT price encounters some resistance at $0.0145 and $0.015, hence it needs to overcome the upper resistance to begin a new ascending trend. However, the token has established a strong base at $0.013 to $0.014, suggesting that a strong upswing movement may be imminent. Can these technicals help the NOT price close above $0.02? The long-term trade is bullish, but the STF shows a minor chance of a pullback, which could happen in the next few hours. The price has been attempting to break above the channel's upper resistance, but as buyers reach these levels, they weaken, leading to a rejection. A similar action may be expected, but the local support at $0.014 could provide the base for a healthy rebound. Moreover, despite the increasing buying pressure, the MACD is still in the negative zone. Once these levels rise into the positive zone, the bulls are likely to take over, sparking a new ascending trend. Until then, the NOT price is expected to remain largely consolidated between the channel's upper and middle bands. Meanwhile, the recent Notcoin platform upgrade significantly impacted its tokenomics. According to community reports, about 210 million tokens were burned, which also contributed to the recent 15% price rise. However, the markets are heavily influenced by the Bitcoin price rally, and if the star token shows some stability, the altcoins might see some bullish momentum. In such a scenario, reaching $0.02 might not be a difficult task for the Notcoin(NOT) price, but achieving a new ATH above $

0.03 might be the actual goal.🎜

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