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Telegram-based cryptocurrency Notcoin (NOT) has seen a significant 6% gain in the past 24 hours, bucking the market. As a result, the altcoin has also seen gains of 20.4% in the past week, its best performance in the period amid a Top 100 decline.

At the time of writing, NOT was trading at $0.0158, up 22% in the last 24 hours alone. According to data from CoinGecko, Notcoin has a market cap of $1.6 billion.

Because of this strong rise, NOT has paved the way for a strong cycle that could reach almost 100 times in value. This is because several analysts already see the price of the cryptocurrency in the range of US$ 1.00.

Notcoin’s strength in the market

Data from Coinglass reveals that total open interest in NOT contracts has increased by 90% in just three days. The value of the contracts has increased from $101.56 million on July 6 to $192 million on July 8.

Such a rapid rise in open interest usually precedes significant price fluctuations due to increased liquidations. It is no surprise that the cryptocurrency was one of the few in the Top 100 to trade higher.

Further data from Coinglass reveals that Notcoin’s aggregate funding rate reached 0.22% over the past 24 hours. This increase highlights a predominant increase in long trading positions.

In other words, NOT is currently showing signs of a robust recovery, potentially signaling the start of an uptrend. Its resistance barrier could reach $0.016 if this momentum continues.

This upward movement pushes its price to $0.02 and may reach $0.1 in the near future. And if the interest in the altcoin continues in the long term, it may reach the $1.00 region.

On the other hand, if market sentiment deteriorates, NOT could stabilize around the $0.015 support level. In a sustained bearish phase, the price could drop to around $0.014.

Sustainable 100x growth

The 4-hour technical indicators for NOT show a recent recovery after an ongoing downtrend. The Relative Strength Index (RSI) indicates a value of 63.20, moving above the neutral 50 level, suggesting bullish momentum.

Meanwhile, the Moving Average Convergence Divergence (MACD) has also started to show promising signs of a bullish crossover. The MACD line (blue) has moved above the signal line (orange), signaling a potential upward movement in price.

NOT Analysis. Source: TradingView.

The histogram also supports this outlook, moving from negative bars to positive bars, indicating a shift in momentum towards buyers.

Two other games have the potential to increase in value by up to 100 times. The first is Hamster Kombat, whose innovative mode and support from Telegram make it increasingly promising. It has more than 200 million users to date.

And the other game on this list is PlayDoge, which is inspired by Tamagochi, a popular game in the 1990s, and offers players missions that can earn tokens as rewards. PlayDoge is one of the most successful pre-sales in 2024, which has further increased the token’s potential. And if you don’t want to miss out, you can secure yours right now, through the official pre-sale.

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