- Ah, the elusive Notcoin has danced its way up by a staggering 19.15% in just a week.
- Whale activity? Oh, it’s gone through the roof, with transactions skyrocketing by 433% and inflows swelling by 242%. Talk about a party!
Once upon a time, Notcoin languished at a lowly $0.0024, but like a phoenix, it has risen to a high of $0.00375. A true underdog story, if you will.
But hold your horses! It seems our dear Notcoin has taken a slight detour, trading at $0.003098 as we speak, after a modest daily rise of 0.73%. Yet, the week has been kind, with a 19.15% surge. Who knew crypto could be so dramatic?
With this price pump, the folks holding their breath are left pondering: what on earth is fueling this uptrend? Well, our analysis suggests that the whales are the ones throwing the confetti here.
Can whales drive Notcoin to rally?
According to the wise sages at AMBCrypto, Notcoin is currently the belle of the whale ball. In just one day, whale capital inflow has surged by a jaw-dropping 242.5%, leaping from 321 million to over a billion. That’s a whale-sized buffet!
This influx hints that more whales are snatching up NOT, which usually signals a gathering storm of accumulation and a bullish trend. When whales start hoarding, it’s like they’re saying, “Get ready for a price hike!”
And if that wasn’t enough, the whale transactions have also jumped by 433% in the past day. It’s like a feeding frenzy out there! 🐋
Such a spike suggests that these big fish are swimming around, either buying or selling, and they’re not shy about it.
Now, let’s talk about the RSI. Notcoin has clawed its way back from the depths of oversold territory, rising from 24 to 33. This indicates that the buying pressure is as high as a kite on a windy day.
It seems the whales decided to buy the dip, proving that they know a good deal when they see one.
What’s next for NOT
With all this whale activity, it’s crucial to note that the market participants are feeling bullish, and it shows across the charts. It’s like a sunny day in the middle of winter!
This bullish sentiment is further confirmed by Notcoin’s funding rate, which has turned positive after a brief dip into the negative zone. A positive funding rate means the longs are feeling good and are paying the shorts to keep their positions. It’s a win-win, right?
AMBCrypto has noticed a strong demand for long positions, which are currently ruling the roost. The Long/Short Ratio shows that long position holders have a whopping 65.4% of the total future contracts, while shorts are left with a mere 34.56%. Looks like the bulls are in charge!
Notcoin is basking in strong bullish sentiment. The upward momentum is gaining strength, as evidenced by the rising Stoch RSI. If this keeps up, Notcoin could be in for a wild ride!
If the coin maintains this positive vibe, it could reclaim $0.0037 and then set its sights on breaking through the $0.0041 resistance level. But beware, if the bears decide to crash the party, we might see NOT retrace to $0.002
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2025-02-15 02:21