Possible 30% Growth in NOTCoin Price: What to Expect Next?

After a 30% surge in NOTCoin Price, it seems the digital currency is gearing up for another bull run. According to data from onchain, if this rally materializes, many shareholders currently experiencing losses may break even or become profitable.

A week ago, NOTCoin was fluctuating around $0.0073, but at the time of writing this article, the cryptocurrency had surged to around $0.0094. In this article, we study the recent NOTCoin Price growth analysis and examine the potential trajectory of this currency in the coming days.

NOTCoin Price Poised for Further Rise

NOTCoin's recent price spike can be attributed to increased activity in its blockchain ecosystem. At the time of writing this article, the number of active addresses on NOTCoin has increased by 35% over the last seven days, a significant figure.

Active addresses serve as a good indicator of user engagement within a blockchain network, and when they increase, this indicates extensive user engagement with the digital currency. Conversely, a decrease in active addresses means less user participation.

In addition to active addresses, the number of addresses with zero balances on NOTCoin has also increased by 90%, with new addresses trending upward.

If the current trend continues, NOTCoin could experience another 30% increase to $0.012. According to the In/Out of Money index, this spike could benefit 23,848 addresses, which hold more than 62 billion NOT tokens.

These holders earn NOTCoin at prices ranging from $0.0095 to $0.012. Therefore, if the $0.012 resistance level is retested, the 62 billion tokens with current losses would be worth more than $700 million.

NOTCoin Price Projection in the Coming Days

NOTCoin recently attempted to break above $0.011 but selling pressure has kept it at current levels. However, if you look at the Parabolic SAR indicator, an upward trend cannot be concluded.

Parabolic SAR is a technical indicator used to determine the trend of an asset. When the dots are below the price, it indicates an uptrend. Conversely, the above point indicates a potential price correction. Apart from that, the MACD indicator which measures price momentum is still positive and supports the continuation of the uptrend.

Based on Fibonacci levels, NOTCoin could see another 30% rise to $0.012 in a few weeks. However, if traders take profits and selling pressure increases, the digital currency could drop as low as $0.0082.

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