Altcoins
This Telegram Coin Is Leading Altcoins With a 70% Increase
Telegram Coin Notcoin (NOT) price has been ahead of the few altcoins that have seen a recovery in recent days.
The cryptocurrency has not only shattered investors’ bearish expectations, but has even turned their opinion positive.
Notcoin Sees a Change
Notcoin price has increased significantly over the past two days, taking the altcoin to $0.0171. This led to buying pressure, which saw a solid increase. Notcoin’s relative strength index (RSI) is currently above the neutral line.
This indicates an increase in buying pressure as more and more investors show interest in purchasing the coin.
A high RSI generally means that more Investors are buying NotcoinIf the trend continues, this increase in buying activity could lead to further price appreciation.
Notcoin RSI. Source: Trading View
In addition to the positive RSI, Notcoin’s funding rate has also turned positive. This change is significant, especially after a period of intensely negative funding rates, which previously signaled bearish sentiment.
The positive funding rate suggests that investors are now more optimistic about the future of Notcoin. This change in sentiment indicates that many are betting on potential gains, which could further strengthen the price of the coin.
To know more: What is Notcoin (NOT)? A Guide to the Telegram-Based GameFi Token
NOT Price Forecast: Loss Recovery
Notcoin price increased by 68% in the last three days, having already recovered the 35% losses seen towards the end of June. The target for the altcoin is now $0.0211, which would justify a break of the resistance at $0.0179.
To know more: How to Buy Notcoin (NOT) and Everything You Need to Know
However, if this breakout fails and investors move to book profits, a drawdown to $0.0130 is very likely. Losing this support would invalidate the bullish thesis. overall, sending NOT under $0.0100.
Disclaimer
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