With its price going up and down like the remainder of the altcoin market, Telegram’s Notcoin (NOT) has in some way attracted a substantial variety of investors.
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Through the last cycle, the coin dropped an uncomfortably steep 20% before making a small 1.2% comeback. Trading moved up by 11%, reaching a powerful $238 million despite recent declines out there.
NOT/USDT has caught the radar of ZAYK Charts, which has observed a so-called pennant shape developing that would indicate a price spike is underway.
Based on figures gathered by the analyst, a breach of this pattern could set in motion a 25% rally. At $0.0153, the token faces crucial support points. Whether the value falls or stays the identical, $0.01478 or $0.01437 could help.
$NOT Bullish Pennant Formation in 2H Timeframe✅
Incase of Breakout,Expecting Bullish Wave📈#NOT #NOTUSDT #Crypto pic.twitter.com/dKvDVJuYOR
— ZAYK Charts (@ZAYKCharts) July 14, 2024
Based on what ZAYK stated in his statement, the pattern shown on the Notcoin chart is a classic example of a technical pattern which often indicates that a big price movement is predicted soon.
It is probably going that the coin will mark the tip of the consolidation period and the start of a recent uptrend whether it is in a position to successfully break above the falling trendline. This is able to be a positive development with regard to the coin’s price. This is able to provide investors with a horny probability to enter the market.
Notcoin Ecosystem Expansion
Aside from the encouraging technological perspective, Notcoin has been advancing the expansion of its ecosystem. In partnership with the 1inch organization, and Sign, an attestation system, the project just kicked off “The Triangle,” an accelerator program.
Laying down the groundwork for progress contained in the TON ecosystem is certainly one of the project’s goals. Giving developers and company owners technical direction, instructional tools, and community events allows them to provide this. This behaviour has show Notcoin’s focus and capability to weather the storm.
Notcoin is currently trading at $0.016. Chart: TradingView
Notcoin Price Forecast
The Notcoin price prediction projects that by August 14, 2024 the altcoin will skyrocket by 235% and settle at $0.052105. Based on projections, the current mood is positive; the Fear & Greed Index comes out as neutral at 52.
Source: CoinCodex
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Notcoin has had a 13.77% price volatility over the past 30 days and recorded 12 out of 30 (or 40%) green days. These measures point to a vibrant and favourable marketplace for the performance of the token.
The mix of technical considerations, ecosystem expansion activities, and the optimistic price prognosis implies that Notcoin is perhaps positioned for a robust rise in the following months, ZAYK stated.
Featured image from Pexels, chart from TradingView