The cryptocurrency market witnessed another day of bullish movement with Notcoin (NOT) leading the pack. Over the last 24 hours, NOT has seen a commendable increase of 13.64%, trading at a current price of $167 as of 3:30 am ET. This positive price action comes amidst a broader uptrend in the crypto market, with the total market capitalization rising by 0.86% to stand at $2.27 trillion.
While NOT’s surge is significant, it is worth noting that Monero has captured the spotlight as the biggest gainer among the top 100 cryptocurrencies by market capitalization, according to CoinMarketCap. Major cryptocurrencies are also enjoying the green territory with Bitcoin and Ethereum each posting gains. Bitcoin climbed 1.74% to reach $61,704, while Ether, the native token of the Ethereum network, grew 1.29% and is now trading at $3,401.
The current bullish phase for Notcoin appears to be more than a momentary leap. The token is testing resistance at the $0.01643 level, with analysts foreseeing a potential ascent towards $0.020 and $0.0218. Should NOT achieve this, it would represent a 32% rise from its current pricing.
Technical indicators highlight the optimistic market sentiment towards Notcoin, especially the upward-facing relative strength index (RSI), currently at 65, hinting that buyers are maintaining their stronghold in the market. This may spark further interest and investment in NOT in the coming days if the buying pressure continues.
Investors and traders are also keenly observing the major support zone for NOT, which is situated between $0.0149 and $0.0150. This range is critical as it aligns with the 50-day EMA, 100-day EMA, and 200-day EMA, providing strong technical support for the token’s value.
The overall landscape for cryptocurrencies remains a mixed bag of opportunities and uncertainties. However, tokens such as Notcoin are creating a buzz with their impressive performance within the digital asset space. As market participants continue to navigate through this volatile yet thriving ecosystem, the spotlight today is certainly on NOT’s surging momentum and the anticipation of its next move in the market.
