Welcome to HODL FM. Open your bags because we are ready to unpack the weekly analysis of Notcoin. Here is what we made for you:
- Overview of Notcoin and it’s rise to glory;
- NOT/USDT current price and performance history;
- ATHs;
- Notcoin technical analysis.
Launched a few weeks ago, Notcoin is leading the wave of Telegram’s blockchain-based idle games. Thanks to a massive user base on the messaging platform, the game has become popular after it attracted 30 million+ users who are plugging their cryptocurrency wallets to connect to the game via the Open Network (TON).
Related: This Week in Bitcoin: Declining Sell Side Momentum with Bulls Preparing to Reign
As per Notcoin’s official X account, they have onboarded 3% of Telegram users to the game. The silver lining is they get to earn Notcoin tokens (NOT), which is already 74% up on the 7-day price chart on CoinMarketCap and currently trading at $0.009656.
On Launch Day, Notcoin debuted at a whopping $0.009971. On the same day, it reached for the stars and hit its highest price of $0.00998. Yes, it was so close to greatness that you could almost taste it. For a brief, shining moment, Notcoin was the belle of the crypto ball, twirling and swirling below the footlights of the cryptoverse.
But as they say, what goes up must come down. And down it went, dropping faster than your New Year’s resolutions. The cryptocurrency tumbled to a sorrowful $0.006300, and if that wasn’t enough of a gut punch, it staggered down to $0.0051 at the start of last week.
It was like watching a majestic eagle turn into a plucked chicken.
Notcoin struggled around this bargain-basement level for a while, desperately clinging to its former glory.
Imagine your favorite sitcom character trying to revive their career with a guest spot on reality TV. You want to look away, but you just can’t.
Just when we thought Notcoin was down for the count, it pulled a plot twist worthy of a daytime soap opera. This week, it exploded back onto the scene, retesting its all-time high of $0.00998. The Notcoin bulls must have been eating their Wheaties because they came charging in, horns out, ready to break through major resistance and set fresh highs for the week.
Technical Analysis: The Numbers Game
Now, let’s talk numbers. The Relative Strength Index (RSI) is sitting pretty at 71. For those who don’t speak technical analysis, that’s like Notcoin looking in the mirror and saying, “Damn, I look good.” But beware because vanity can be a downfall.
The MACD? The blue line crossed the yellow line from below, and now they’re both pointing upwards. It’s like a crypto double rainbow – what does it mean? It means the bulls are in charge, and they’re not taking any prisoners.
Related: Top 10 Cryptocurrencies Of April 2024
Will the NOT/USDT pair soar to new heights or crash and burn? Only time will tell. But one thing’s for sure: Notcoin is here to keep us on the edge of our seats.
Disclaimer: All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website, HODL FM is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort, HODL FM strongly recommends contacting a qualified industry professional.
