Ethereum

Notcoin

Rally

Bull Flag

Bitcoin

Notcoin Price Prediction: The second week of June was quiet volatility for the crypto market as inverters witnessed pump-and-dump suitable amid the release of <a href="https://coingape.com/markets/bitcoin-price-80000-per-btc-beckons-on-softer-us-cpi-inflation-data/">U.S. CPI data</a>. However, a majority of major cryptocurrencies that influence Bitcoin and Ethereum showcased a lack of bullish momentum and stuck to their sideways action. Amid the uncertainty, Telegram-based clicker game Notcoin (NOT) emerged with notable gains reclaiming its value above $0.02 on Friday. 
Also Read: <a href="https://coingape.com/markets/bitcoin-price-analysis-btc-wipes-pre-fomc-gains-markets-remain-greedy/">Bitcoin Price Analysis: What’s Next For BTC As Crypto Fear And Greed Index Nosedives</a> 
<h2 id="b-notcoin-rebounds-strongly-with-40m-users-milestone-and-new-trading-pairs-b">Notcoin Rebounds Strongly with 40M Users Milestone and New Trading Pairs</h2> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/b/bt5N4YVt.png" alt="BINANCE:NOTUSDT Chart " width="1946" height="937">
 <figcaption class="wp-caption-text">
 Notcoin Price Prediction| Tradingview
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</figure> 
After hitting an all-time high of $0.028 on June 2nd, the <a href="https://coingape.com/markets/notcoin-price-forecast-viral-telegram-triggers-run-to-0-05-despite-market-fluctuations/">Notcoin</a> entered a fresh correction amid broader market consolidation. With the Bitcoin price witnessing overhead supply at $71000, the NOT price plunged 49% to hit a low of $0.0149. 
However, despite the heavy pullback Notcoin recently reached a milestone of 40 million activated users last Sunday. This figure excludes inflated numbers often seen in web analytics, emphasizing genuine user engagement and growth within its community. 
<blockquote class="twitter-tweet"> 
 Quick recap 
 Notcoin has 40M users total <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f389.png" alt="🎉" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 These are the activated users from the database, not from web analytics tools that multiply # of users by their sessions and now show 500M Notcoin users lol <a rel="nofollow" href="https://t.co/UUIp6oK0RA">pic.twitter.com/UUIp6oK0RA</a> 
 — Notcoin Ø (@thenotcoin) <a rel="nofollow" href="https://twitter.com/thenotcoin/status/1799759831579906510?ref_src=twsrc%5Etfw">June 9, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Thus, the NOT price managed to form a local bottom at $0.0149 along with the support of a 50% Fibonacci retracement tool. Amid this healthy retracement, the NOT price showed the formation of a bullish continuation pattern called a flag.&nbsp; 
In theory, the pattern is commonly spotted at major bullish rallies as it allows buyers to regain strength and push for higher growth. On June 12th, the NOT price gave a bullish breakout from the pattern’s overhead trendline signal, the continuation of the prevailing uptrend. 
Also Read: <a href="https://coingape.com/markets/bitcoin-price-ready-to-skyrocket-after-microstrategys-500m-move-to-buy-btc/">Bitcoin Price Ready To Skyrocket After MicroStrategy’s $500M Move To Buy BTC</a> 
While the leading digital assets <a href="https://coingape.com/20000-bitcoin-options-expiry-positions-max-pain-price-at-68500-whats-next/">Bitcoin</a> and Ethereum failed to sustain the Post-CPI data rally, the Notcoin price showed notable resilience as <a href="https://coingape.com/binance-adds-new-trading-pairs-for-notcoin-and-dogwifhat/">Binance</a> also added support with new trading pairs. 
The post-breakout rally has uplifted the asset by 18.85% to currently trade at $0.02, while the market cap boasted $2.06 Billion.&nbsp; 
Under the influence of the bullish flag, the buyers could drive a rally above the $0.028 high and $0.034 barrier. 
<h2 id="b-technical-indicator-b">Technical Indicator&nbsp;</h2> 
<ul> 
 <li>Pivot Level:&nbsp;With the Notcoin projecting the possibility of entering price discovery mode, the traditional pivot level shows potential resistance at $0.034, followed by $0.038 and $0.042</li> 
 <li>Average Directional Index: An uptick in the daily ADX slope at 14% accentuates the recent correction and assists buyers in recuperating bullish momentum.</li> 
</ul> 
The post <a href="https://coingape.com/markets/notcoin-price-prediction-hints-50-rally-amid-bull-flag-breakout/">Notcoin Price Prediction Hints 50% Rally Amid Bull Flag Breakout</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Notcoin Price Prediction Hints 50% Rally Amid Bull Flag Breakout

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