๐Ÿ”ฅ Notcoin: How a $3M burn boosted NOTโ€™s value overnight

Irma - Jun 27 - - Dev Community

๐Ÿ“ˆ Crypto Volatility
Bitcoin dipped to $60k recently, but some tokens are recovering. Notcoin (NOT) has seen notable gains and significant updates.

๐Ÿ”ฅ Community-Oriented Tokenomics
On X, @thenotcoin announced burning $3M worth of NOT and allocating $4.2M as incentives for Gold and Platinum users. This makes 94.18% of NOT in the hands of 11.5M people, with 5.82% in the treasury for future development.

๐Ÿ’ฐ Massive Airdrop
The Notcoin team amazed the community by declaring a $2.5B airdrop, claiming itโ€™s bigger than ZkSync and LayerZero combined, positioning NOT positively in the market.

๐Ÿ“Š Bullish Indicators
NOT is trading at $0.01572, up 9.91% in 24 hours, with a market cap of $1.6B. The current SMA is below the price, indicating increased demand and buying pressure. RSI has risen from 44 to 51, signaling bullish sentiment.

๐Ÿ“ˆ Rising Open Interest
Coinglass data shows NOTโ€™s open interest surged from $146M to $171M, indicating more market participation and a strong trend.

๐Ÿ“‰ Market Stability
NOT saw $410k in long and $322k in short liquidations, showing market stability. A recent short squeeze added buying pressure.

๐Ÿ”ฎ Bullish Outlook
NOT looks bullish after retesting support at $0.0141. If positive sentiment continues and NOT closes above $0.0161, it could reach $0.0208 or $0.018 in the short run.

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