03/06/2024
$NOTCOIN, CAN I ENTER NOW?
NOT token is up 300% in the last 7 days, and it is still showing an uptrend ππ
And it's up 150% after my tweet π€π€
People are still wondering why it is pumping.
Some bullish Factors π
π’ One reason is that they announced the staking feature, and we all know that it will reduce the token supply from the market.
π’ The other reason is that $NOT token burning is happening in ecosystem projects.
π’ It is backed by Binance and is also listed on it.
π’ 100% of its tokens are in circulation.
Will the rally continue?
How high will it go?
β The token has already pumped a lot, and I will say it's better to not do FOMO.
β Still, there is a possibility that it could pump from here, but now the risk is a bit high.
β But usually, tokens saw some correction after a huge rally.
Bearish Factors
π΄ 24-hour volume > FDV, which usually indicates that the parabola is in its final phase.
π΄ Daily RSI shows way overbought territory.
π΄ Retail fomo at peak and most wallets are in profit, so there are high chances of profit-taking.
How are you feeling about the coin? π