Notcoin (NOT) just popped off with its double digit gain by showing a bullish falling wedge pattern on the charts. Tech indicators even suggest that it might be able to hit a consolidating phase soon. This spike doesn’t only point towards strong market vibes but also gives this token NOT, a chance to bounce back from its recent losses.
Notcoin is an altcoin, an emerging cryptocurrency that works on blockchain technology and basically represents a high-risk, high-reward opportunity typical of new or smaller cryptocurrencies. Its token is called NOT and its getting major traction lately.
According to CoinMarketCap’s data, Notcoin is looking over serious gains over the last week. Profits have risen up by almost 10% in seven days and that’s not all as the token’s price surged nearly 15% in the last 24 hours alone. However, despite this price hike only 479k NOT addresses are in profit which is mere 17% of the total number of addresses. But hope is not all gone as analysts believe this trend can most probably change soon.
Reportedly, NOT has just hit a key level after a major price jump. Crypto analyst World Of Charts even pointed out a bullish falling wedge pattern that has been cooking since June, with NOT now consolidating tightly. Clearly NOT is nearing a resistance test and if it manages to break out, it will quickly recover its past losses.
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NOT Price
As of the time of writing NOT token is trading at $0.00783 with a 24 hour trading volume of $703,986,862. This indicates a 5.91% increase over the past 24 hour and an amazing 40.10% increase over the past week. This sort of increase is rarely seen in any altcoins, also with experts hyping this up, this really might be on verge of its next big surge in the market. It currently has a circulating supply of 100 billion NOT tokens and market cap of about $800 million.