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We are experiencing days when popular cryptocurrencies lag far behind, but new altcoins are gaining serious attention. One of these for a while has been NOT Coin. The altcoin, which challenges years-old cryptocurrencies and draws its strength from Telegram and TON Coin, is the product of a major experiment. With community support from a platform with hundreds of millions of active users, NOT Coin grew very quickly.
NOT Coin
NOT Coin is one of the relatively new types of crypto assets. However, since Telegram hosts many crypto investors and it is the first project integrated with TON Coin, it has received significant attention. Of course, we also witnessed that this interest quickly drove the price to higher levels.
The bullish sentiment among investors is strong, and the price reached the highest level in the last month just hours ago. The funding rate in futures trading is extremely positive, indicating that investors in futures trading have a solid bullish sentiment.
On the other hand, the RSI is above the neutral zone. As you know, this data, measured between 0 and 100, gauges buying and selling demand. 50 is the neutral zone, and NOT Coin’s RSI confirms the dominance of buyer demand here as well.
NOT Coin Price Prediction
The resistance level that the popular altcoin needs to overcome is $0.01794, and continued closings above this level seem likely to carry the NOT Coin price to the peak of $0.0200. BTC was supportive of the rise at the time of writing and returned above $64,000. This recovery in overall market sentiment allowed many altcoins to gain over 5%, while NOT Coin increased by 14%.
However, there is a problem. If NOT Coin bulls fail at the $0.0179 resistance, a journey to lower levels is expected. Investors may cash in their satisfactory gains and turn to alternatives that have not yet risen rapidly. In the case of a decline, the boring consolidation between the resistance level and the $0.013 support may continue.
Of course, cryptocurrencies are full of surprises, and predicting the direction is as ridiculous as forecasting the future. Investors must always rely on their own research and evaluations.
