NOT Crypto Rejecting Dynamic: The Fear and Greed Index for Notcoin reveals that investors display greed in their investment decisions. The cryptocurrency known as Notcoin was only recently introduced to the market. It was released a few days ago. Within the context of a viral Telegram game, Notcoin (NOT) is a community token that allows participants. To win tokens by tapping their phones or other electronic devices.
It was introduced on JanuaryJanuary 1, and it functions within the ecosystem of the Toncoin (TON) cryptocurrency. Tokens owned by NOT can be utilized within the game itself and traded on exchanges, such as Binance, and used for staking and other actions related to the ecosystem.
There is significant liquidity in the Notcoin cryptocurrency, accompanied by a volume/market cap ratio of 61.19%. Given that the total value of the cryptocurrency market cap is currently at $2.079 billion. This further translates into a traded value of $1.264 billion over the past twenty-four hours. Even though it is a relatively new coin, cryptocurrency has achieved the position of #51 in the global cryptocurrency market. The maximum supply of the cryptocurrency is equivalent to the amount currently in circulation.
Since reaching its all-time high price of $0.02896 six days ago, the cryptocurrency’s current trading price has decreased by thirty percent since this publication. Not only does the cryptocurrency have an exceptional market presence, but it also has a market cap dominance of 0.08%. Additionally, the cryptocurrency’s price is trading close to its cycle high.
Notcoin Derivatives Data Analysis
Over the past several days, there has been an increase in long-term liquidity in cryptocurrency, which is indicative of profit booking in cryptocurrency. Over the past twenty-four hours, the trading volume of cryptocurrency derivatives has increased by 27%, while the open interest has decreased by 25%.
This demonstrates the fact that traders are shutting down their positions on Notcoin. The long liquidation for the Notcoin cryptocurrency is valued at $4.84 million, while the short liquidation is valued at $2.73 million. This results in a long/short ratio of 0.9482 of the cryptocurrency.
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NOT Crypto Technical Analysis
Following a significant increase to several higher levels, the price of NOT Crypto Rejecting Dynamic began to experience profit booking from the higher levels. Since that time, cryptocurrency’s price has gradually fallen to lower levels. Considering that the introduction of the NOT cryptocurrency occurred on April 2April 22 the price of the cryptocurrency has increased by 330% since then, reaching its highest point ever recorded.
As a result, the cryptocurrency price fell by forty percent after reaching an all-time high; it is clear that the overall trend in the cryptocurrency market is still optimistic. Additionally, a trendline that represents dynamic resistance has rejected the price of cryptocurrency has rejected the price of cryptocurrency. If the cost of cryptocurrency continues to rise over the dynamic range, it will maintain this level.
The trading price of the cryptocurrency may experience an additional increase in the same way. Near the time of this publication, the cost of the NOT Crypto Rejecting Dynamic is gaining support near the 50-day exponential moving average (EMA) on the daily chart. The price then continues to rise in line with the current bullish momentum. The Bolinger band is compressing even further on the charts, which is a sign that the cost of cryptocurrencies will experience instability soon.
Following the creation of bearish histograms, the MACD and the signal line trade in a death cross on the charts. The signal line follows this. A further decrease in the measures of the MACD has brought them down to the median price level. The relative strength index (RSI) has been falling below. The 50 level has been for some time now, and it has been experiencing rejection from the 14-day simple moving average (SMA). This demonstrates that the velocity of the cryptocurrency has been decreasing.
Summary
As a result of profit booking and dynamic resistance, the price of Notcoin (NOT) has dropped by thirty percent from its all-time high, and it is currently trading near its cycle high. Although it got off to a strong start, recent falls indicate doubt. The technical indicators appear to suggest the possibility of volatility and uneven momentum.
In conjunction with a bearish MACD crossover and a contracting Bollinger band. The $0.0110 and $0.0170 levels are considered support levels for the NOT Crypto Rejecting Dynamic. However, if the momentum of the cryptocurrency continues to climb, it may encounter resistance at the levels of $0.0290 and $0.050.
Disclaimer
The material in this article is meant to be informative only. It does not constitute investing, financial, or any other advice. Any potential economic loss arising from investing or trading is not the responsibility of the author or anyone referenced in this post. A thorough investigation should precede any monetary commitments.
