Cryptocurrency Notcoin (NOT) has surged to the top among the top 100 cryptocurrencies, despite the bearish trend in the market.
NOT has grown by 28.6% in the last 24 hours and is trading at $0.011. Its market capitalization is $1.23 billion, making it the 72nd largest cryptocurrency.
According to Santiment, NOT’s RSI is at 83, indicating that the asset is overbought. For sustainable price growth for NOT, RSI should drop below 50.
The market has entered a consolidation phase as Bitcoin (BTC) struggles to hold its price above $68,000. In market uncertainty, cryptocurrencies like Shiba Inu (SHIB) and Pepe (PEPE) are experiencing significant price declines.
The recent rise in NOT occurred shortly after a drop in prices due to mass selling by airdrop recipients who decided to cash out their assets.