Notcoin Rebound: Whale Accumulation and Price Surge Revive Hopes for Recovery

Notcoin (NOT) has seen a significant rise in whale re-accumulation, pushing its price up by 40% in the past 5 days. With liquidity flowing back, NOT aims for short-term targets of $0.012 and $0.017.

Notcoin (NOT) has been making waves in the play-to-earn (P2E) segment, gaining momentum as it rises up the ranks. As of today, Notcoin is ranked as the 79th largest cryptocurrency by market cap and holds a strong position in the P2E sector. According to Ben GCrypto’s latest top 10 P2E coins list, Notcoin is ranked third, with a market cap of $897 million. It also boasts the highest trading volume among its peers, signaling growing dominance in the sector.

Whale Accumulation Sparks Optimism

Despite its strong market position, Notcoin has faced bearish trends since June, largely driven by heavy sell pressure from whales. Whale holdings hit a low in mid-June at 54.17 billion coins (52.17% of the total supply), and by August, their holdings had further dropped to 40.54 billion coins (39.6% of the supply). This significant sell-off contributed to the downward pressure on NOT’s price.

However, a trend pivot occurred in mid-August, with whale re-accumulation efforts steadily increasing. As of September 26, whale holdings had surged to 68.58 billion coins (66.91%), indicating a notable shift in sentiment. This accumulation has helped slow down NOT’s price decline, with bullish momentum returning in the past week.

Price Rally and Future Targets

Notcoin’s price rallied by nearly 40% in just five days, reflecting the impact of whale re-accumulation. At the time of writing, NOT was valued at $0.0090, signaling a potential recovery after a prolonged bearish period. The recent surge in liquidity and whale interest could pave the way for further gains in the coming weeks and months.

Currently trading at a 76% discount from its all-time high, NOT presents an attractive opportunity for retail and institutional investors alike. With liquidity flooding back into the market, analysts are targeting $0.012 and $0.017 as the next short-term price milestones for Notcoin.

Whale Impact on Market Dynamics

Notcoin’s recent performance has been largely influenced by whale activity, which has created both sell pressure and opportunities for re-accumulation. As whales re-enter the market, retail investors and smaller holders may follow suit, further boosting the altcoin’s price.

The money flow indicator also supports the notion of a strong liquidity resurgence, with the potential to drive Notcoin toward greater market prominence in the near future.

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