Notcoin (NOT) Ignites Crypto Market, Analyst Predicts 25% Rally

Christian Encila

Last Updated: July 15, 2024 10:15 am

3 mins read

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With its price going up and down like the rest of the altcoin market, Telegram’s Notcoin (NOT) has somehow attracted a considerable number of investors.

During the last cycle, the coin dropped an uncomfortably steep 20% before making a small 1.2% comeback. Trading moved up by 11%, reaching an impressive $238 million despite recent declines in the market.

NOT/USDT has caught the radar of ZAYK Charts, which has observed a so-called pennant shape developing that could indicate a price spike is underway.

Based on figures gathered by the analyst, a breach of this pattern could set in motion a 25% rally. At $0.0153, the token faces crucial support points. Whether the price falls or stays the same, $0.01478 or $0.01437 could help.

$NOT Bullish Pennant Formation in 2H Timeframe✅

Incase of Breakout,Expecting Bullish Wave📈#NOT #NOTUSDT #Crypto pic.twitter.com/dKvDVJuYOR

— ZAYK Charts (@ZAYKCharts) July 14, 2024

Based on what ZAYK stated in his observation, the pattern shown on the Notcoin chart is a classic example of a technical pattern which usually indicates that a large price movement is expected soon.

It is likely that the coin will mark the end of the consolidation period and the beginning of a new uptrend if it is able to successfully break above the falling trendline. This would be a positive development with regard to the coin’s price. This would provide investors with an attractive chance to enter the market.

Notcoin Ecosystem Expansion

Apart from the encouraging technological perspective, Notcoin has been advancing the expansion of its ecosystem. In partnership with the 1inch organization, and Sign, an attestation system, the project just kicked off “The Triangle,” an accelerator program.

Laying down the groundwork for progress inside the TON ecosystem is one of the project’s goals. Giving developers and company owners technical direction, instructional tools, and community events allows them to produce this. This behaviour has show Notcoin’s focus and capacity to weather the storm.

Notcoin is currently trading at $0.016. Chart: TradingView

Notcoin Price Forecast

The Notcoin price prediction projects that by August 14, 2024 the altcoin will skyrocket by 235% and settle at $0.052105. According to projections, the present mood is positive; the Fear & Greed Index comes out as neutral at 52.

Notcoin has had a 13.77% price volatility over the past 30 days and recorded 12 out of 30 (or 40%) green days. These measures point to a vibrant and favourable market for the performance of the token.

The combination of technical considerations, ecosystem expansion activities, and the optimistic price prognosis implies that Notcoin might be positioned for a strong rise in the next months, ZAYK stated.

Featured image from Pexels, chart from TradingView

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.