Notcoin(NOT)hasquicklymadeanameintheGameFispace.Thetokenhasmergedentertainmentwithfinancialrewardsinauniqueway.Initially,theNotcoinpricesurgedasitsinnovativeapproachcaptivatedattention.
ThishappenedbecauseitutilizedtherobustinfrastructureoftheTONblockchain.Thatfueledtrustamongtheinvestorsandtradersinthisproject.
TheTONecosystem’sadvancedfeaturesenhancetheuserexperienceandenableNotcointosupporthightransactionvolumesseamlessly.However,theNotcoinpricehasexperiencedasignificantdeclinethisweek,followedbyanoverallbearishtrend.
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Inthepast24hours,itattractedsignificantattention.Duringthefall,thetokenrosewithsignificantwhaleactivity,andon-chaindatasuggestedthepotentialforfurtherinclines.Readonforanin-depthlookatNotcoincrypto‘svision,pricetrends,andkeyon-chaininsights.
HowNotcoinPriceUnfolded?
NOTcryptoissetouttobeagroundbreakingplatform.Itsinnovativeapproachisdesignedtoappealtogamersandinvestors.Initsearlymarketdays,thetokendeliveredimpressivereturns,delightingmanyinvestors.
NOT/USD1.D.|Source:TradingView
However,afterreachingitsall-timehigh(ATH)of$0.02931onJune2,2024,theNotcoinpricesteadilydeclined.Thedeclinehappenedwithinanarrowingwedge,facingpersistentbearishpressure.
Thisdownturnwaslargelyduetoadecreaseinnetflowfromlargeinvestors.Theseinvestors,amidwaningconfidenceinNOT’slong-termoutlook,startedsecuringprofits.Thiswaveofprofit-takingbylargerinvestorssparkedacceleratedsellingfromretailtraders,whocloselyfollowwhaleactivity.
Overthepastfivemonths,Notcoincryptohasremainedbelowkeydynamicresistancelevels.Itwasspecificallybeneaththe20-dayand50-dayEMAbands.
WhalesLoadingUp,NetflowIncreases
Overthepastweek,netflowdataforlargeNotcoincryptoholdersdeclined.However,inthelasttwodays,itbegantorise.
LargeHoldersNetflow|Source:IntoTheBlock
AtweetonXonOctober26confirmedsignificantwhaleactivity.Thisindicatedthatwhilesomelargeholdersareselling,othersareseizingthechancetobuythedip.
Whalesarebuying#NOT🐳❇️
Lastprice:0.006736(-10.072%)
Alertsinlast7days:2
24hVolume:37.67MUSDT
Score:5/10|Risk:4/10$NOT#BTCpic.twitter.com/TvIns57SYT—FishTheWhales🐳(@FishTheWhales)October26,2024
OnOctober26alone,netflowsurgedto43.69million,abullishsignalofincreasedbuyingpressure.Quietlyyetsteadily,whalesareaccumulatingNotcoincrypto,oftenaprecursortosubstantialpricemovement.
Asofnow,Notcoinisholdingwithinasupportblockthathasremainedintactforthepasttwomonths.Thissuggestedongoingbullishinterest.
AddressesHeldbytime|SOurce:IntoTheBlock
Additionally,short-termholdersweredecreasingwhilelong-termholdingswereontherise.Itshowedthatmarketsentimentmaybeshifting.Therenewedinterestfromlonger-termholdershintedthatconfidenceintheNotcoinpricepotentialisagainstrengthening.
AnExpandingEcosystemandDeflationarySupplySqueeze
TheNotcoincryptoecosystemisexpandingthroughkeypartnershipsandnewprojects.It’sdrawingattentionfromretailandinstitutionalinvestorseagerforlong-termgains.
Thankstoitsdeflationarymodel,whichinvolvestokenburningtoreducesupply,demandforNotcoincontinuestobuild.Asthecirculatingsupplydecreases,thevalueofeachremainingcoinhasthepotentialtorisesignificantly.
Onlinespeculationpointedtoapossiblemajorpricesurge.SomeevensuggestedthattheNotcoinpricecouldhitthemagical$0.1mark.
CanNotcoinPriceHopeToReach$0.1Mark?
Currentlypricedat$0.006854(up2%),theNotcoinpricemightappearambitiouswithatargetof$0.1.However,signsofwhaleaccumulation,ecosystemgrowth,anditsdeflationarymodelsuggestedstronggrowthpotential.Whetheritcanreachthistargetdependslargelyondemand.
Inrecentpriceaction,Notcoin’stwo-monthconsolidationnearitssupportblockhighlightedsteadyaccumulation.
Basedondemand,supposeitbreaksoutofthecurrentfallingwedge;theinitialshort-termtargetcouldbe$0.012696.Breachingthislevelwouldlikelyshiftmomentum,signalingapotentialChangeofCharacter(ChoCh).Longer-termtargetscouldthenextendto$0.02161and$0.02653.
thecoinrepublic.com