What Levels NOT Price Needs To Break To Skyrocket To New Highs?

• Higher shorts have been liquidated in Notcoin crypto over the last 24 hours.
• NOT crypto has huge liquidity according to its market cap.

Notcoin crypto is associated with a viral Telegram messaging app and operates within Toncoin. The game has over 35 million players and involves a tap-to-earn mechanism. 

The users can earn tokens by playing the game, which can be transferred to centralized exchanges or spent on the game or Toncoin ecosystem. 

The market cap of the Notcoin crypto has advanced by 10% in the last 24 hours from the press time. Its trading volume has also advanced. It shows that more buyers are gaining interest in the crypto.

Moreover, Notcoin is the 56th largest cryptocurrency in the global crypto market, with a market cap of $1.627 billion. 

The value of the traded volume for the crypto advanced by 25% over the last 24 hours, resulting in massive liquidity of 29.6%. It shows a good demand for crypto by traders and investors. 

The whole supply of the Notcoin is available in the market for trading as the circulating supply and the total supply of the crypto are the same. Additionally, the total supply of the crypto is 102.491B NOT, which results in a fully diluted market cap similar to its market cap.

What Do Derivatives Have for Notcoin?

The trading volume of the derivatives of the Notcoin crypto has witnessed a surge of 5% over the last 24 hours. 

The derivatives volume chart by Coinglass further shows the volume curve rising towards the higher levels. It shows that investors and traders are again gaining interest in crypto.

The open interest in crypto has advanced by 16% in the last 24 hours, again showing the rise in the number of open positions in the crypto. 

Moreover, the recorded long liquidation for the Notcoin is worth $1.01M against a higher short liquidation of $1.77M, which shows bears’ dominance in the price in recent times.

NOT Crypto Technical Analysis

The NOT crypto price is trading in a strong downtrend, followed by the crypto price consistently losing its value over the last 20 days.

Following the decline over the last few days, a falling wedge pattern is formed on the 4H chart of the crypto. If the crypto price breaks above the falling wedge pattern and closes above the same, it might continue to surge to higher levels in the upcoming days.

NOT/USD Chart by TradingView

The 50-day EMA on the 4H chart of the NOT crypto is trading above the 200-day EMA. Despite this, the 20 and 50-day EMAs are trading in a death cross while the price has broken above all the crucial EMAs and has sustained above the same.

The MACD indicator might witness a strong buying setup in the upcoming days as its metrics are heading toward a bullish trajectory. Moreover, the MACD and the signal line trade in a golden crossover, and the histograms on the chart are bullish. 

The RSI on the charts has advanced to the level of 62 by breaking above the 14-day SMA and the 50-level. It shows a strong surge in the bullish momentum for the crypto. 

Summary

Notcoin crypto has shown significant bullish signals, with the price breaking above crucial EMAs and forming a falling wedge pattern. 

Increased trading volume, open interest, and strong MACD and RSI indicators suggest rising bullish momentum. With a 10% market cap increase and substantial liquidity, NOT is poised for further gains.

If the price of the NOT crypto further continues to decline, it might take support at the levels of $0.00850 and $0.120. Also, on the higher side, the resistance levels for the same are $0.0210 and $0.0290.

Disclaimer

This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.