Notcoin Gains Momentum with 20% Jump, Market Eyes Further Growth Potential

  • Notcoin rises 20% in 24 hours, signaling potential growth with a trading volume of $491M and live market cap of $1.64B.
  • Technical indicators: RSI at 51.56 (neutral), MACD at 0.0008708 (bullish), suggesting short-term buying opportunities.
  • Notcoin’s volatility outpaces Bitcoin, showing 0%-14% growth vs. Bitcoin’s 0%-3%, highlighting higher risk and reward.

Notcoin (NOT) is demonstrating a remarkable recovery, gaining momentum in the cryptocurrency market. Recently, $NOT has seen a significant price increase, adding 20% within 24 hours, pushing its value above the crucial $0.015 mark. This upward trend is capturing the attention of the market, especially as it shows signs of further growth if Bitcoin ($BTC) continues its ascent. Currently, $NOT is trading at $0.01623, boasting a 12.38% rise in the past 24 hours with a trading volume of $491,473,954 USD.

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Market Indicators and Analysis

Key technical indicators suggest a favorable outlook for Notcoin. The Relative Strength Index (RSI) is at 51.56, indicating a neutral position where the stock is neither overbought nor oversold. This neutrality suggests that traders might be waiting for further confirmation before making any significant moves. 

Additionally, the Moving Average Convergence Divergence (MACD) stands at 0.0008708, signaling a bullish trend in the short term. This positive momentum could present potential buying opportunities for those looking to capitalize on the market’s current state.

Source: TradingView

Notcoin’s Performance and Volatility

Notcoin has significantly outperformed Bitcoin during the observed timeframe, showcasing higher volatility with sharp price movements, particularly in the latter half of the chart. 

The price range for $NOT fluctuated between 0% to 14% growth, compared to Bitcoin’s relatively stable performance, which hovered between 0% to 3% growth. 

Notable movements for $NOT included a sharp spike around 6 PM, rising from approximately 2% to 8%, and a continued uptrend reaching a peak of about 14% around 3-4 AM. However, this was followed by a decline to around 10% by the end of the chart.

Bitcoin’s Stability and Comparison

In contrast, Bitcoin exhibited relative stability with minor fluctuations. A slight uptrend was observed until around 3 AM, followed by a minor decline. The comparison highlights the higher risk and potential reward associated with lesser-known cryptocurrencies like Notcoin, which exhibit more volatility compared to established ones like Bitcoin.

Source: CoinMarketCap

Market Cap and Supply

Currently, Notcoin is at position 53 on CoinMarketCap, with a live market cap of $1,643,796,270 USD. It has a circulating supply of 102,491,027,712 NOT coins. The sharp price movements in Notcoin suggest higher trading activity compared to Bitcoin, indicating a dynamic market environment.

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