Telegram-based cryptocurrency Notcoin has gained considerable attention following a 12.75% profit, making it the top market gainer. Data from CoinMarketCap shows the asset's price performance surged on Friday. Despite a recent correction, trading indicators such as the SuperTrend encourage a continued bullish sentiment.
Crypto analyst Ali Martinez shared a positive outlook in an X post, citing a buy signal from the SuperTrend indicator on NOT’s daily chart. Martinez predicts that persistent buying pressure could push Notcoin’s price to $0.012 to $0.014, potentially achieving a 41.41% gain from its current value.
Should bullish pressure remain, Notcoin could even hit $0.020, a price level last seen in early August. However, a potential price drop driven by external factors could find support at around $0.0069, according to Martinez.
Notcoin originally launched as a play-to-earn token on Telegram in May, enabling users to earn by engaging in virtual coin activities and game tasks. Following its launch, Notcoin saw an impressive rise of over 380% to its all-time high of $0.029. It has since stabilized but remains a significant digital asset with a market cap of $1 billion.
Currently, Notcoin is priced at around $0.0098 after peaking at $0.0105 on Friday. The token has shown notable gains of 31.66% and 8.08% over the past seven and thirty days, respectively. Trading volume is also up by 145.17%, reaching $374.18 million.
