Notcoin (NOT) has recently experienced a significant price surge, with its monthly chart showing over 30% gains. This rally is attributed to a combination of bullish factors that have contributed to the token's upward momentum. Here are the key reasons behind Notcoin's price rally:

Binance and Coinbase Support

The leading cryptocurrency trading platforms, Binance and Coinbase, have announced their support for Notcoin. Binance has introduced a new trading pair, NOT/BRL, and Coinbase International Exchange will roll out Notcoin perpetual futures starting June 20. This increased support from major CEXs has boosted investor confidence in the asset.

Futures Open Interest Spikes

Data from Coinglass shows a significant increase in Notcoin Futures Open Interest since the beginning of June, reaching $247.06 million today. This indicates substantial money inflow and investor interest in the asset, aligning with the recent price rally.

Market Technicals Show Bullish Presence

Market technicals and indicators indicate a strong buying sentiment for Notcoin. The RSI, a key indicator of market sentiment, is around 61, indicating upside pressure on the asset. This suggests that additional buying could push the price of Notcoin higher.

Notcoin Gains Popularity

Notcoin has recently marked a significant milestone, boasting 40 million active users. This is accompanied by the growing popularity of the 'Tap-to-Earn' games on Telegram. The increased adoption of the project is expected to drive further gains in the asset's price.

NOT Mimics Broader Trend

Notcoin's price rally follows the uptrend of TON, the native token of the TON blockchain. TON gained nearly 15% over the past month, while NOT rallied 36% during the same period. This price rally aligns with the growing adoption of Telegram, which has fueled the growth of the TON blockchain.

Current Market Picture

Notcoin traded at $0.0198, with its 24-hour lows and highs being $0.01892 and $0.02146, respectively. The current market picture remains bullish, with the RSI yet to reach overbought territory. This suggests that the price of Notcoin could continue to rise in the near future.