What Next for NOT Price?

The Notcoin project has gained immense popularity as a viral memecoin on the TON network, backed by a strong Telegram community. The price of NOT has defied the bearish sentiment prevailing in the market, especially with the recent surge in altcoins.

Celebrating its first anniversary on Friday, May 16, the Notcoin community has achieved significant milestones, thanks to the active on-chain holders and rewards distribution to its community members. In the past year, Notcoin has been listed on major cryptocurrency exchanges like Binance, ByBit, and OKX, resulting in over 2.8 million on-chain holders and more than $1 billion in DEX trading volume.

Additionally, the Notcoin team has distributed over $220 million to the community through the Tap-to-Earn program on Telegram, where the Notcoin telegram account boasts over 14.5 million members.

Looking ahead, the small-cap memecoin currently trades at around $0.0028, with a fully diluted valuation of approximately $286 million and a 24-hour trading volume of about $50 million. In the past two weeks, NOT has surged by over 14%, indicating a bullish trend.

Analyzing the price action, NOT price has been consolidating in a correction phase over the past week after hitting a local high of $0.0035 earlier in the week. However, the memecoin is currently testing a breakout from an inverse head and shoulders pattern, signaling a potential rally towards its all-time high.

To maintain the short-term bullish sentiment, NOT price must hold above the support level of $0.0028 and avoid closing below the right shoulder in the coming days.

In conclusion, Notcoin continues to be a promising memecoin with a strong community support and potential for further price appreciation. Stay tuned for more updates on this exciting project!