Market Analysis

NOTCOIN PRICE ANALYSIS & PREDICTION (June 3) – NOT Explodes 100%, Prints New High Following A Daily Huge Volume Inflow

The past week has been an interesting period for Notcoin NOT as it witnessed a massive explosion to a new high today. This high has been rejected and the asset is now undergoing a retracement on the lower timeframe.

Following several presale announcements by top exchanges, Notcoin went through a lot of accumulation in May before getting listed at $0.00078 (on Binance) in the second week of the same month. 

The price increased and later dropped to $0.005 last week but the fundamentals and sentiments following this token attracted more buyers and the price started to pick up after a steady rise in the demand level. 

It increased consistently until the price reached a new high of $0.0294 today. Rejecting this high, it is now trading at $0.023 due to a slight retracement. The trend remains strongly bullish despite witnessing a drop. 

So far, the gaming crypto’s performance has been spectacular over the past week, attracting over $2.5 billion worth of market cap at the time of writing. 

According to coinmarketcap, NOT is currently the top-gainer of the market in the last seven days of trading, posting a mind-blowing 350% gain. Despite recent rejection, the price remains strong as it continued to gain traction on the day. More rallies lie ahead!

NOT’s Key Level To Watch

Source: Tradingview

Following the latest rejection, NOT has slowed down the surge in volatility. If it manages to reclaim the current daily high, the next levels to consider for an increase would be $0.035 and $0.037.

In the opposite direction, losing grip above the $0.02 level could bring more retracement to the $0.0133 level as support and possibly $0.0078 in the next few days.

Key Resistance Levels: $0.0294, $0.035, $0.037

Key Support Levels: $0.02, $0.0133, $0.0078

  • Spot Price: $0.0233
  • Trend: Bullish
  • Volatility: High

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Image Source: stlegat/123RF / Image Effects by Colorcinch

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