- Markets See Increased Frequency
- Notcoin Short-Term Technical Analysis
- How are Notcoin and Hamster Kombat Fates Tied
The price of Notcoin (NOT) has surged due to the launch of the Hamster Kombat game token on The Open Network. This move has revived investors’ and traders’ interest in the gaming token market.
Markets See Increased Frequency
Recent data analysis reveals that Notcoin’s trading volume reached $1.24 billion, a slight decrease of 2.50% from previous levels, while open interest dropped by 7.28% to $144.13 million. This rise in trading activity indicates a high interest in Notcoin, boosted by the anticipation of the Hamster Kombat game token launch. The long/short split on major platforms such as Binance and OKX indicates that traders are divided in their opinions. In the last 24 hours, massive liquidations of short positions have been held.
Notcoin Short-Term Technical Analysis
On Notcoin's 4-hour candlestick chart that tracks the NOT/USDT pair, the price dropped and stagnated at the current levels. At the time of writing, it is trading at about $0.00882. During the consolidation period, the market has not yet decided whether it wants to move up and is waiting for a signal in the form of a breakout. Short-term traders should focus on the support level at $0.00850 and the resistance zone at $0.00950. From the chart, some indications of either a significant increase or stability can be seen. Both traders and buyers should pay attention to these key levels and market news.
How are Notcoin and Hamster Kombat Fates Tied
Notcoin’s price and trade rate have risen as part of a more general positive tendency of the game currency market recovery and renewed interest. This is evident from CoinMarketCap, where Notcoin has demonstrated similar strength to other game tokens such as IMX and FLOKI. The next few days will be crucial in determining what Notcoin will do shortly. The market looks optimistic yet uncertain. If the current stabilization phase leads to a sharp increase, Notcoin could see more gains. The recent price jump of Notcoin after the Hamster Kombat token launch indicates that gaming token markets are slowly regaining investors’ trust.
The recent price surge of Notcoin after the launch of the Hamster Kombat token indicates that the gaming token markets are slowly regaining investors' trust. This comes as part of a volatile session with increased trading volume and consolidation ahead of possible further gains.
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