Notcoin (NOT) prices saw volatile trading sessions on Monday, with consecutive sessions in the red and green territory. At press time, the coin is trading at $0.01306, down 0.98% from the same time last day.
The token’s current trajectory has raised questions about how the coin will fair in the future. Following the breakout above the trendline resistance on July 6, NOT saw good trading days. However, the gains from earlier this month could be erased by the bearish pressure that NOT is facing now.
Will NOT rise in the future?
At present, the Notcoin ecosystem lacks bullish cues. If this scenario continues, the coin might follow a downward trajectory.
However, given the optimistic demand in the overall crypto market, the NOT token can follow the bullish cues in the larger sector and surge in the future. According to the latest forecast, the value of Notcoin is expected to increase by 227.58% and hit $0.044924 in the coming month.
Other technical indicators indicate that the coin’s mood is bearish, and the Fear & Greed Index is reading 74 (Greed). Over the previous 30 days, Notcoin had 10/30 (33%) green days and 10.78% price volatility.
Data also indicates that, overall, there is a bearish sentiment on Notcoin price prediction, with 1 technical analysis indicator indicating bullish signs, while 15 indicate bearish signals.
Why did Notcoin rise in early July?
Notcoin’s previous explosive growth seems fueled by its strategic alliance with Binance, a significant international cryptocurrency exchange. This partnership increased investor confidence in Notcoin’s stability and validity, which in turn caused a 50% price explosion, a spike in transaction volume, and an increase in investor confidence.
The connection with Binance further improved Notcoin’s utility, making it possible to use it directly on the platform. This increased demand led to an increase in price. As a result of the market’s quick reaction to this occurrence, Notcoin’s market capitalization increased dramatically, and its trading volume surged by over $1 billion million in a single day.
