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Notcoin closed in on its resistance level on the charts - Is there more good news to come?

Notcoin (NOT) has been in a persistent downtrend since June, facing significant price declines. However, recent developments suggest a potential turning point for this Telegram-based cryptocurrency.

Analyst Ali Martinez recently gave a positive outlook for Notcoin (NOT), citing that it is primed for a significant price increase. He explained that the cryptocurrency recently broke out of a falling wedge pattern, which could signal a possible bullish reversal.

Notcoin, the popular tap-to-earn token, has been left in the dust as most cryptocurrencies continued to gain on Friday, Nov. 8. Notcoin (NOT) was trading at $0.0063 on Nov. 8, down by 78% from its highest point this year.

The top trending cryptos today include a project that has recently seen a notable exchange listing and another two that have previously appeared on this list. Interestingly, the prices of two out of these have increased in the last 24 hours, while the last seems to be lagging behind.

Notcoin (NOT) is at a crucial point in its market cycle, leaving investors and analysts wondering whether the cryptocurrency is gearing up for a reversal or facing a further decline. As of today, Notcoin's price has fallen by 3.02%, trading at $0.005802.

Despite a bullish pattern on NOT's chart, a few technical indicators revealed a bearish edge.

Toncoin's price continued its strong sell-off on Monday as most tap-to-earn tokens on its network crashed and burn volume retreated. Toncoin (TON) retreated to $4.90, down 41% from its highest point this year.

Telegram coin Notcoin (NOT) price has dropped 20% in value over the past 30 days, with 71% of holders now “out of the money.” As a result, Notcoin's price remains well below its all-time high, showcasing contrasting trends among popular assets.

Notcoin eyes a 60% breakout with bullish wedge setup—will whales and low BTC correlation spark a rally?

Notcoin (NOT), the cryptocurrency associated with the popular messaging platform Telegram, is currently grappling with intense selling pressure. Trading at approximately $0.0076, the altcoin has recorded a 3% decline over the past week.

X Empire, a popular Telegram game with over 50 million users, dropped sharply after its token generation event this week. X Empire (X) token crashed by 25% on Oct. 24, reaching a low of $0.

The top trending cryptos today differ from those on the list in recent days. While two of the altcoins have appeared before, one is a new entrant associated with the Telegram messaging app.

Telegram-linked Notcoin (NOT) has seen a decline in buying momentum recently. The altcoin is now trading at $0.0076, marking a 3% decrease over the past week.

A wave of companies are building game for Telegram in the hopes of tapping into the messaging app's nearly 1 billion users.

Notcoin (NOT) experiences massive interest from large-scale cryptocurrency investors. IntoTheBlock data shows whales have increasingly accumulated the Telegram-based token over the previous month, magnifying their activity last week. The altcoin reflected this optimism with elevated prices, up 10% and 3% in the past month and week, respectively.

This week has seen a resurgence in trading activity, with a notable 10% increase in the global crypto market capitalization. As a result, large coin holders, also known as whales, have started accumulating certain coins.

Worldcoin (WLD) and Notcoin (NOT), are making headlines with impressive price movements. Both tokens have demonstrated considerable strength, suggesting they could continue on an upward trajectory in the coming days.

Notcoin breaks resistance, targets a new all-time high with bullish momentum.

Notcoin (NOT) price has recently surged, yet many holders are still facing losses. Despite the uptick, the majority of investors are waiting for more substantial gains to recover their initial investments.

After marking fresh highs, the bulls appear to have faced some exhaustion. As a result, the selling pressure seems to have mounted over the crypto space. Regardless of this, these altcoins have managed to keep up the bullish trend.

With the Bitcoin price hovering close to its $65k level, the altcoin market has regained momentum. However, the Toncoin ecosystem has displayed increased price volatility with TON coin constantly recording a bearish price action.

Tomorrow, October 9, Dogs (DOGS) and Notcoin (NOT) will jointly burn $4 million worth of tokens that have remained unclaimed since both projects distributed tokens in Telegram airdrops.

The two Telegram-based projects are collectively reducing supply, which could potentially create "long-term benefits for holders."