Notcoin (NOT) Price Analysis: Surging Volume and Open Interest Hint at Bullish Trend-web3.0-php.cn

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Notcoin (NOT) Price Analysis: Surging Volume and Open Interest Hint at Bullish Trend

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Aug 01, 2024 am 06:09 AM

Price AnalysisNotcoin Growth Bullish Indicators $0.1

Notcoin, a Telegram-based altcoin, has been trading in a bearish trend in the days following market fluctuations. Notcoin price analysis reveals significant volatility characterized by distinct high and low price points.

Notcoin (NOT) Price Analysis: Surging Volume and Open Interest Hint at Bullish Trend

Notcoin, an altcoin centered around Telegram, has noted a bearish trend in the days following market fluctuations. However, Notcoin price analysis reveals significant volatility characterized by distinct high and low price points.

Over the past week, the top altcoin hit a low of $0.0102. But, it has experienced a sharp rebound, surging above $0.013 due to increased buying pressure.

Notcoin Surges Past Key Resistance Level: What’s Next for NOT?

After facing resistance at $0.012 for several days, Notcoin price analysis finally shows a breakout from this level. The altcoin began the day with a price movement of 0.88%, trading at $0.01307. It reached a high of $0.01354 and a low of $0.01237 in the past 24 hours.

At the time of writing, the altcoin was trading at $0.01314 during U.S. trading hours, with a slight surge of 4% following a market rebound. NOT experienced a slight surge of 4% following a market rebound. NOT experienced a slight surge of 4% following a market rebound. NOT experienced a slight surge of 4% following a market rebound. NOT experienced a slight surge of 4% following a market rebound.

However, further analysis reveals that NOT might face resistance at the next level of $0.017. If sustained, this trend could propel Notcoin past the resistance level of $0.017. Such a breakthrough might elevate its valuation to around $0.035 and potentially even to $0.050 in the near future.

NOT’s market cap has increased by 3% to $1.3 billion, solidifying its ranking at #60. The trading volume soared by 33% to $161 million, highlighting a significant investor interest in the market.

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