Notcoin (NOT), started as a simple tap-to-earn Telegram crypto, is now a $1.7 billion market cap project that has performed an impressive +90% in just three days.
The Notcoin concept was simple: Telegram users could mine tokens by tapping on the screen through the app.
Over time, the game has gained more and more traction, with millions of active users and the formation of a solid community.
Notcoin is based on the TON blockchain, the built-in blockchain for Telegram. The new collaboration with Binance and the creation of a platform for launching Web3 projects directly from Telegram may have driven the recent increase in Notcoin’s price.
Notcoin Explore: now open for projects
The platform for launching Web3 projects in Telegram has emerged. pic.twitter.com/8XaNOW7b8w
— Notcoin Ø (@thenotcoin) July 5, 2024
NOT Price Analysis: Notcoin Surges +90% In Just 3-Days
(NOTUSDT)
When looking at the chart, it’s obvious in an instant that $0.01607 has been the resistance since the middle of June.
Price has tried on at least five occasions to rise above it. Today, in an explosive fashion, it has finally broken above the level with a 16% 4-hour candle as we speak.
The next level price used as support and resistance previously will be $0.02052, a further 19% up from here.
(NOT100MA)
If we add the 100 moving average, simply the average price for the last 100 candles, in this case, the last 400 hours, as it’s the 4-hour chart and 100 candles, we can see that price has respected it relatively well.
Every time it has touched it, it has given a good indicator of what we can expect, and for the first time since the middle of June, the price has finally gotten above it, retested, and bounced.
(NOTRSI)
Looking at RSI (Relative Strength Index), where you can measure the strength of an asset, we know that once the indicator goes below 30 it’s oversold, and once it goes above 70 it’s overbought, 50 is often used by experts as a confluence level as well as it’s the mid-range and can give a tell into what we can expect.
By looking at the RSI of Notcoin, we can see that it’s pushing into overbought again, and an old saying for chartist is “The longer an asset can stay overbought, the more bullish it is”. As you see here, it’s not necessarily a sell signal, but it can also be a signal of strength!
$NOT bull flag breakout done!
ALREADY UP 50% OFF THE LAST ANALYSIS!
ULTRA BULLISH – Should be targeting 0.03$ off here, thats almost still 80% move here. Already 2x off the bottom!#NOT #NOTCOIN #Crypto #NOTUSDT https://t.co/MgjlDjKBx9 pic.twitter.com/DjSeKZHZQi
— Team LAMBO Charts (@TehLamboXcharts) July 8, 2024
EXPLORE: Hamster Kombat Explosion On Ton With 150 Million Active Users
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
