Notcoin Price On The Move With Whale Accumulation: $0.1 In Sight?

Notcoin (NOT) has quickly made a name in the GameFi space. The token has merged entertainment with financial rewards in a unique way. Initially, the Notcoin price surged as its innovative approach captivated attention.

This happened because it utilized the robust infrastructure of the TON blockchain. That fueled trust among the investors and traders in this project.

The TON ecosystem’s advanced features enhance the user experience and enable Notcoin to support high transaction volumes seamlessly. However, the Notcoin price has experienced a significant decline this week, followed by an overall bearish trend.

In the past 24 hours, it attracted significant attention. During the fall, the token rose with significant whale activity, and on-chain data suggested the potential for further inclines. Read on for an in-depth look at Notcoin crypto‘s vision, price trends, and key on-chain insights.

How Notcoin Price Unfolded?

NOT crypto is set out to be a groundbreaking platform. Its innovative approach is designed to appeal to gamers and investors. In its early market days, the token delivered impressive returns, delighting many investors.

NOT/USD 1.D. | Source: TradingView

However, after reaching its all-time high (ATH) of $0.02931 on June 2, 2024, the Notcoin price steadily declined. The decline happened within a narrowing wedge, facing persistent bearish pressure.

This downturn was largely due to a decrease in net flow from large investors. These investors, amid waning confidence in NOT’s long-term outlook, started securing profits. This wave of profit-taking by larger investors sparked accelerated selling from retail traders, who closely follow whale activity.

Over the past five months, Notcoin crypto has remained below key dynamic resistance levels. It was specifically beneath the 20-day and 50-day EMA bands.

Whales Loading Up, Netflow Increases

Over the past week, net flow data for large Notcoin crypto holders declined. However, in the last two days, it began to rise.

Large Holders Netflow | Source: IntoTheBlock

A tweet on X on October 26 confirmed significant whale activity. This indicated that while some large holders are selling, others are seizing the chance to buy the dip.

On October 26 alone, net flow surged to 43.69 million, a bullish signal of increased buying pressure. Quietly yet steadily, whales are accumulating Notcoin crypto, often a precursor to substantial price movement.

As of now, Notcoin is holding within a support block that has remained intact for the past two months. This suggested ongoing bullish interest.

Addresses Held by time | SOurce: IntoTheBlock

Additionally, short-term holders were decreasing while long-term holdings were on the rise. It showed that market sentiment may be shifting. The renewed interest from longer-term holders hinted that confidence in the Notcoin price potential is again strengthening.

An Expanding Ecosystem and Deflationary Supply Squeeze

The Notcoin crypto ecosystem is expanding through key partnerships and new projects. It’s drawing attention from retail and institutional investors eager for long-term gains.

Thanks to its deflationary model, which involves token burning to reduce supply, demand for Notcoin continues to build. As the circulating supply decreases, the value of each remaining coin has the potential to rise significantly.

Online speculation pointed to a possible major price surge. Some even suggested that the Notcoin price could hit the magical $0.1 mark.

Can Notcoin Price Hope To Reach $0.1 Mark?

Currently priced at $0.006854 (up 2%), the Notcoin price might appear ambitious with a target of $0.1. However, signs of whale accumulation, ecosystem growth, and its deflationary model suggested strong growth potential. Whether it can reach this target depends largely on demand.

In recent price action, Notcoin’s two-month consolidation near its support block highlighted steady accumulation.

Based on demand, suppose it breaks out of the current falling wedge; the initial short-term target could be $0.012696. Breaching this level would likely shift momentum, signaling a potential Change of Character (ChoCh). Longer-term targets could then extend to $0.02161 and $0.02653.