Notcoin (NOT) Price Gains Another 40% Gains Despite Market Wide Fall, Caution Ahead?

The Notcoin (NOT) value rally appears to be unstoppable at this stage with the Telegram-based cryptocurrency gaining one other 40% within the final 24 hours, hitting a brand new all-time excessive of $0.012 with a market cap of $1.218 billion. Additionally, the every day buying and selling quantity for NOT has surged by 18% capturing previous $1.2 billion.

Notcoin (NOT) Value Extends Weekly Features to 150%

Over the past week, the Notcoin (NOT) price has rallied by a staggering 150% including greater than $640 million to its market cap.

NOT’s exceptional surge in development aligns with the rising reputation of Notcoin, a play-to-earn Web3 recreation hosted on Telegram. This recreation allows customers to transform their in-game forex into NOT tokens, attracting important curiosity from Telegram’s expansive consumer base.

On Might 16, 2024, the Notcoin (NOT) token formally debuted, reaching its peak at $0.009900. Nevertheless, by Might 23, 2024, the NOT value underwent a pullback section, plummeting to round $0.004500, marking a lower of roughly 54%.

Following this pullback section, the NOT value skilled a major upsurge, surpassing its earlier all-time excessive of $0.009900. The current surge of Notcoin has triggered a wave of liquidations with over $5.9 million in brief positions liquidated within the final 24 hours.

Simply two days in the past, NOT entered the highest 100 property listing and achieved a market capitalization of $1 billion. Nevertheless, it has since surged in rankings, now standing because the 81st largest asset with a market capitalization of $1.2 billion.

Moreover, the NOT workforce proudly introduced that the token boasts 1.6 million on-chain holders, surpassing standard meme cash like Shiba Inu, BONK, and Pepe by way of holder depend.

Warning Forward for NOT?

In current information launched by Santiment, the Relative Power Index (RSI) for NOT, the native token of Notcoin, is presently located at 83. This indicator means that Notcoin is at the moment overbought, elevating considerations about potential value manipulation by giant holders, generally known as whales.

To maintain its upward value trajectory, NOT would probably profit from a cooldown interval, with its RSI dropping under the 50 mark. This adjustment may doubtlessly mitigate the chance of extreme hypothesis and facilitate a extra secure market setting for Notcoin.