Altcoins
This Telegram Coin Leads Altcoins With 70% Surge
Telegram Coin Notcoin (NOT) price led the few altcoins that noted a recovery in the past few days.
Not only did the crypto asset shatter investors’ bearish expectations, it even turned their sentiment into a positive one.
Notcoin is experiencing a change
Notcoin price has increased sharply over the past two days, taking the altcoin to $0.0171. This led to buying pressure, which saw a solid uptick. Notcoin’s Relative Strength Index (RSI) is currently above the neutral line.
This indicates an increase in buying pressure as more investors are showing interest in purchasing the coin.
A high RSI usually means that more Investors buy NotcoinIf the trend continues, this increase in purchasing activity could lead to further price appreciation.
Notcoin RSI. Source: TradingView
In addition to the positive RSI, Notcoin’s funding rate has also turned positive. This change is significant, especially after a period of extremely negative funding rates, which had previously signaled bearish sentiment.
The positive funding rate suggests that investors are now more optimistic about Notcoin’s future. This change in sentiment indicates that many are betting on potential gains, which could further strengthen the coin’s price.
Learn more: What is Notcoin (NOT)? Telegram-Based GameFi Token Guide
Price Forecast NO: Loss Recovery
Notcoin price increased by The altcoin price has fallen by 68% in the last three days, having already recovered the 35% losses seen towards the end of June. The target for the altcoin now stands at $0.0211, which would justify a break of the resistance at $0.0179.
Learn more: How to Buy Notcoin (NOT) and Everything You Need to Know
However, if this breakout fails and investors turn to profit-taking, a drop to $0.0130 is very likely. Losing this support would invalidate the bullish thesis. in total, NOT sending below $0.0100.
Disclaimer
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