Being hostile towards NOT Crypto Rejecting Dynamic is not a valid argument: The Notcoin index of fear and greed indicates that investors are too greedy when making investment choices. Bitcoin is a cryptocurrency that was introduced to the market a few days ago. In the case of a viral Telegram game, Notcoin (NOT) is a community token that allows the participants to win tokens by tapping their phones or other electronic devices.
It was launched on January 1 and is part of the Toncoin (TON) cryptocurrency’s ecosystem. The NOT tokens are the currency utilized in the game itself. They are tradable assets on exchanges like Binance and can be used in staking and other ecosystem-related activities.
A high amount of liquidity is in the Notcoin cryptocurrency, along with a volume/market cap ratio of 61.19%. Based on the fact that the total market cap of the cryptocurrency is now worth $2.079 billion. This, in turn, comprehends a traded value of $1.264 billion, conducted on the last trading day. Although it is a relatively new coin, cryptocurrency has reached the #51 position in the global cryptocurrency market since its introduction. The maximum supply of the cryptocurrency is the amount already in circulation.
Since its record-high price of $0.02896 six days ago, the cryptocurrency’s trading price has decreased by thirty percent since the currency came into being. The cryptocurrency is unique and has a market cap share of 0.08% of the total market. Moreover, the cryptocurrency’s price is almost at the cycle high.
Notcoin Derivatives Data Analysis
Recently, long-term cryptocurrency has been more liquid, which can be seen as a sign that investors have locked in some profits. Within the past 24 hours, the trading volume of cryptocurrency derivatives increased by 27%, while the open interest plummeted by 25%.
Specifically, the noted action is them disposing of Notcoin. The long liquidation of the cryptocurrency Notcoin is priced at $4.84 million, while the short liquidation is priced at $2.73 million. This is equivalent to the cryptocurrency’s long/short ratio of 0.9482.
NOT Crypto Technical Analysis
Notably, Dynamic Momentum Failure’s price fared profit booking from green regions after several kinds and numbers of positive events. Undeniably, the prices of these cryptocurrencies have seen a slight downturn after that phase. The fact that the non-crypto currency was launched on April 2 demonstrates that the cost of the cryptocurrency since then has increased by 330% and jumped to its record.
Thus, we reported a crucial fact: after only a few months. The cryptocurrency price declined by nearly forty percent because the market is still on a positive earning path. A trend line that provides information about dynamic resistance has further reduced the price of cryptocurrencies. Lastly, cryptocurrencies should consider increasing this fact when they drop more than the dynamic range.
Similarly, the trading price of the cryptocurrency might see another surge in the future. At the time of this publication, the cost of the “NOT” crypto climate-friendly. The product is finding support at almost the 50-day exponential moving average on the daily chart. The speed of Bitcoin price gain lies in the current bullish trend. The Bollinger Band is further squeezed on the charts, indicating that the cryptocurrency price will start fluctuating very soon.
This will lead to the MACD and the signal line trading in a death cross on the chart after producing bearish histograms. The signal line then follows along with the MACD, creating the cross. An additional drop-off in the measures of the MACD has lowered them down to the middle level. The RSI has been heading lower toward the bottom of the range. It has surpassed the 50 level and has been rejected several times from the 14-day simple moving average (SMA). This illustrates that the pace of cryptocurrency has decreased.
Summary
Due to profit-taking and dynamic resistance, the price of NBitcoin is high. It did not go down by 30% from the all-time high, and it is currently trading close to the average high of its cycle. While it tones in, the shoots show that and raise questions. Technical indicators can be used to show the possibility of price fluctuations and uneven price movement.
Like the line of a descending MACD, the Bollinger brand is also narrowing. The NOT Crypto Rejecting Dynamic is held up by $0.0110 and $0.0170 as support levels. Nevertheless, the currency’s growth may face resistance at $0.0290 and $0.050.
Disclaimer
This information is for informational purposes only and is not investment advice or a solution to investment problems. The author and anyone mentioned in this article are not accountable for any investment or trading-related monetary loss that may happen. A thorough investigation should come before investing any amount of money.
FAQs
How is Notcoin performing in the market?
Notcoin’s market cap is $2.079 billion, and its trading volume is $1.264 billion, placing it at #51 in the global cryptocurrency rankings. Its price has dropped 30% since its peak but remains near its cycle high.
What factors are affecting Notcoin's price movement?
Profit-taking, dynamic resistance, and technical indicators like the Bollinger Bands and MACD are influencing Notcoin’s fluctuating price. The cryptocurrency has seen a 30% decline from its all-time high.
What does the technical analysis say about Notcoin's future?
Technical indicators show a narrowing Bollinger Band and a death cross in the MACD, signaling possible price fluctuations. Support levels are around $0.0110 to $0.0170, with resistance near $0.0290 to $0.050.
Should I invest in Notcoin?
The article is informational and not investment advice. As with any cryptocurrency, thorough research is recommended before making any investment decisions.
