Journalist
Posted:
- It has not increased by 19.15 % during the past seven days.
- The Notcoin whale activity increased with long -distance walking by 433 %, while the flow increased by 242 %.
Since it reached the lowest level of $ 0.0024, Notcoin [NOT] It witnessed a strong upward movement. During this period, it rose to an increase of $ 0.00375.
However, since then, make a slight withdrawal from this level. In fact, as of this writing, Notcoin was trading at $ 0.003098, after increasing 0.73 % on daily graphs. On an equal footing, the currency increased by 19.15 % during the past week.
With a strong price pump, the stakeholders left wondering what leads the upward trend. Since our analysis indicates that the recent NotCoin price movement is largely driven by whales.
Can whales lead Notokin to the assembly?
According to Ambrypto analysis, Notcoin suffers from a huge whale activity. Over the past day, what Capital Flowow increased by 242.5 %, increasing from 321 million to more than a billion.
This flow indicates that more whales do not buy, which usually indicate accumulation and indicate a trend of ascension.
When the whales turn into accumulation, it reflects the market confidence because it expects prices to rise in the short term.
Source: IntTHEBLOCK
In addition, this increased whale activity is evident by an increase in large transactions. As such, whale transactions increased by 433 % during the past day.
Such height indicates that whales are very active in the market, either buying or selling.
Source: IntTHEBLOCK
Since RSI from Notcoin has recovered from 24 to 33 sale lands, it indicates that he has not witnessed high purchase pressure.
This indicates that the whales turned to buy the decline after not reaching the sale area.
What after not
With the presence of Notcoin, which suffers from a high whale activity, it is important to indicate that the market participants are optimistic over the plans.
Source: Santime
This ascension is confirmed by the fact that the Notco financing rate that was assembled by the stock exchange may turn after the decrease into a negative area. A positive financing rate indicates that the loud length is optimistic and pay to buy their sites.
Source: Coinalyze
I noticed Ambrypto a strong demand for long jobs, currently dominating the market.
The long/short percentage shows that the long position holders have 65.4 % of the total futures, while the short pants have 34.56 %. This means that most investors are optimistic and expect prices to rise.
Source: TradingView
Notcoin is currently witnessing strong feelings. The bullish momentum is not enhanced, as evident from the rising RSI. If these conditions are steadfast, Notcoin is in a good position to see more gains.
If the currency maintains the current feelings, you will not be able to restore $ 0.0037, then try to break the resistance level of $ 0.0041.
However, if the bears observed on the daily plans have acquired the market, you will not be able to restore to $ 0.0027.
