Telegram’s Notcoin (NOT) has drawn significant investor interest despite its volatile price movements, reflecting broader altcoin market trends.
In the last cycle, Notcoin fell by 20% before a modest 1.2% recovery. Trading volume surged by 11%, reaching $238 million, despite market declines.
ZAYK Charts has identified a pennant shape on the NOT/USDT chart, suggesting a potential price spike. A breakout could trigger a 25% rally, with crucial support levels at $0.01478 and $0.01437.
NOTcoin Could Soar 235%
ZAYK noted that this pattern typically precedes significant price movements, potentially marking the end of consolidation and the start of an uptrend, offering an attractive entry point for investors.
Beyond technical analysis, Notcoin is expanding its ecosystem. In collaboration with 1inch and Sign, it launched “The Triangle,” an accelerator program to support the TON ecosystem with technical guidance, educational tools, and community events.
Projections indicate that Notcoin could soar by 235% to $0.052105 by August 14, 2024. The current sentiment is neutral at 52 on the Fear & Greed Index. Over the past 30 days, NIOT has shown 13.77% price volatility and recorded 12 green days out of 30.
Combining technical factors, ecosystem growth, and a positive outlook, ZAYK suggests NOT is poised for a strong rise in the coming months.
