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