Notcoin (NOT) has defied the broader crypto market trend, experiencing a 33% surge within the past 24 hours. Moreover, the token’s trading volume has soared by an impressive 354.53% to reach $1.3 billion, as per CoinMarketCap.
Notcoin is currently valued at $0.014910 and has secured the 51st spot on CoinMarketCap with a market cap of $1.5 billion. After hitting an all-time low of $0.004612 on May 24, it surged to a peak of $0.029045 on June 2, 2024.
Trader Planfomo recently showed optimism about NOT, noting a possible descending wedge shape in Notcoin’s 6-hour charts. This formation briefly broke out with a minor misstep before hitting a crucial support level.
After a significant price surge of 81.47%, followed by an additional increase of 27.45% post-breakout, the future looks optimistic for Notcoin. Additionally, analyst Captain Faibik shares this positive outlook, highlighting Not’s breakout from a descending channel and predicting a potential doubling in value during a bullish market.
Notcoin surges on Telegram gaming accelerator news
The recent surge in Notcoin’s value is linked to its new partnership with Helika, an analytics company, to launch the Telegram Gaming Accelerator. This accelerator serves as a hub for emerging Telegram games. Moreover, this collaboration signifies a significant step for Notcoin, transitioning it from a viral sensation to a central player in the expanding realm of crypto-supported mini-apps.
Despite the ongoing upswing, the current market sentiment remains watchful. Notcoin’s Fear & Greed Index registers at 29, signaling a sentiment of “Fear.” Furthermore, over the past month, the token has displayed notable fluctuations. The token witnessed a mere 10 positive trading sessions out of the last 30.
However, looking ahead, Notcoin seems positioned for a potentially optimistic path in July. Being close to its peak cycle indicates a significant upward trend backed by its considerable market value. If the market sentiment stays positive and trading activity remains steady, Notcoin might challenge or surpass its previous cycle highs.
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