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- The price volatility of the Notcoin is high, as per Coincodex.
- Higher short liquidation is recorded in NOT crypto in the last 24 hours.
The broker score of Notcoin was medium at 5.50/10 at press time, as per Chain Broker. Its financial health has also got a very good score. Additionally, 100% of the crypto tokens are unlocked with a maximum supply of 103B NOT.
Notcoin’s market cap has advanced by 4% in the last one week. Its market cap at press time was $1.548B. It’s the 49th largest cryptocurrency in the global crypto market, as per its market cap.
The trading volume for Notcoin has advanced by 33% over the last 24 hours, showing a surge in the demand for the crypto. The surge in the volume has resulted in a huge liquidity, resulting in a volume/market cap ratio of 75.90%.
Notcoin Derivatives Data Analysis
In the last few days, higher short liquidation in the Notcoin has been recorded, which shows that bulls are winning over bears.
As the crypto price has recently advanced in the last few days, shorts worth $8.1M were liquidated in the last three days.
When writing, the value of the derivatives traded volume for the crypto also advanced by 84% in the last 24 hours from. Despite this, there has been a decline of 4.2% in the open interest of the crypto.
Also, in the last 24 hours, shorts worth $4.55M are liquidated, and the value of the longs liquidated is $3.81M.
NOT Token Technical Analysis
The NOT crypto price has gained bullish momentum in the last few days, showing buyers are trying to take over the price.
From the swing high of $0.0293, the NOT price started to witness profit booking from 2nd June 2024. The profit booking further led to a correction of 65% in the price.
In the last few days, the token price has started to advance by taking support at the $0.0090 level. It has hit a solid change of character level.
If the Notcoin price breaks above the $0.011650 level and sustains above it, we might get to see higher levels in the future.
NOT/USD Chart by TradingView
The NOT token price has broken above the Supertrend with ATR 7 and shows a bullish trend on the chart. It shows that the Average True Range of the price has been broken.
When writing, the NOT crypto price broke above the 20-day and the 50-day EMAs. The 20-day EMA was trading above the 50-day EMA. That indicated a surge in the momentum of the price above its average.
The MACD and the signal line were trading in a negative trajectory at press time and were in a death crossover. The trend might reverse if the metrics are reversed above the zero level and sustained.
The RSI broke above the 14-day SMA and 50-level and sustained above the same at the time of writing. It showed that the NOT price was gaining momentum.
Can There Be New All-time Highs?
Notcoin (NOT) has seen a surge in demand with a 33% increase in trading volume and significant short liquidations. With a market cap of $1.548B, bullish momentum was evident as the price broke key resistance levels at press time. Technical indicators also signaled a potential for new all-time highs.
The support levels for the NOT crypto are $0.00450 and $0.0090 followed by the resistance levels of $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.
