- The price of NOT has risen by 9,91% over the past 24 hours.
- Notcoin Team announced the burning of $3 Million NOT tokens.
The crypto market has been experiencing massive volatility in recent weeks. Bitcoin reached a new low of $60k, a record for cryptocurrencies.
But, the recovery of various tokens has begun. Notcoin [NOT] The Notcoin team has seen significant gains. Notcoin has been able to make a lot of noise with its new updates..
On social media platform X, @thenotcoin Share this,
” Notcoin tokenomics is now extremely community oriented. Notcoin worth $3M just burned from the emission. $4.2M will go as an incentive for Gold and Platinum users of Notcoin explore”.
They added, “The team also stated that.”
“As a result, 94.18% is in the hands of 11.5M people, including traders, miners, stakers, etc. 5.82% is in the treasury for the next years of development. With the community as a main stakeholder, the future seems bright.”.
Last but not least, NOTcoin The team’s statement that stunned the entire community.
“$2.5B for Notcoin community”,
You are responding to the X-user @trader_tgNotcoin stated this.
“Notcoin airdrop is bigger than ZkSync and LayerZero combined.”
This update will undoubtedly position Notcoin as a positive, with a greater chance of changing the market sentiment and influencing price movements.
NOT fundamental analysis tells us…
Not was currently trading at $0.001572 after a surge of 9.91% over the past 24 hours. Coinmarketcap shows that TON’s total market value has increased 9.65% from $1.6 to $0.01572.
AMBCrypto’s analysis revealed that the price of NOT appears to be rising. The SMA of NOT is now below the current price.
If prices rise above the SMA then buyers dominate with an increased demand for assets, leading to higher pressure on them. As a result of heightened buying pressure, prices rise.
Not RSI 51 is slightly over the neutral zone. RSI that is above the neutral zone means the market is under increased pressure to buy.
This is the case where NOT’s RSI changed from 44 to 51 over the past 24 hours. A rising RSI indicates a shift in market sentiment from bearish to bullish.
An analysis of Coinglass showed that Notcoin’s open interest had risen from $146 to $171 in the past 24 hours.
Open interest increases indicate that there are new contracts being signed, which means more money is flowing into the markets. Increased participation indicates that the market has a good foundation for a sustainable and strong trend.
In the final analysis, Notcoin data showed that market stability was observed in the last 24-hours. Within this period, NOT has experienced liquidations of $410k in long positions and $322k in short positions.
On the 25th of July, Notcoin experienced a sudden price spike, and buyers with short positions drove the buying pressure.
Here’s a list of realistic and not-so-realistic images. NOT’s market cap in SOL terms
Notcoin is set to have a bullish market?
After retesting the level of support around $0.0141, NOT looks bullish. If the positive sentiment holds and NOT closes above $0.0161, NOT could reach a higher of $0.0208 and a lower of $0.018 in the short run.
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Source: ambcrypto.com