Notcoin (NOT) Chart Setup Indicates Long-Term Trading Potential

Notcoin (NOT), a cryptocurrency that had bearish patterns from June to mid-September, has recently displayed potential bullish signals

A cryptocurrency called Notcoin (NOT) has recently shown potential bullish signals, following bearish patterns from June to mid-September, according to a detailed analysis by Alan Santana, a renowned crypto analyst on TradingView. September marked the establishment of NOT’s flat bottom, setting the stage for a potential breakout, Santana noted.

Indicating a market shift, Santana highlights the initial bullish momentum in late September, which was quickly reversed.

“The bulls tried to turn the tide, but they lacked sufficient strength,” he noted. A slight correction in early November led to a lower low and the formation of a rounded bottom. Depicted by a blue line on the chart, the price action quickly returned above this line, indicating bullish momentum at this level.

Santana's analysis suggests that the current chart formation on NOT is a tool for long-term trading. If the price action sustains above the blue line, the trend is bullish; periods below the red line indicate bearish momentum.

He adds that while bullish periods present opportunities for leveraged long positions, NOT can be accumulated in the spot market during bearish phases for long-term growth.

“This is our first public long after Bitcoin broke all resistance and confirmed the start of the 2025 bull market,” said Santana, highlighting the potential for significant gains in the altcoin market. However, he cautions about the risks of leveraged trading, considering the volatility and price fluctuations.

For traders considering long positions in NOT, Santana provides specific entry levels: $0.0081, $0.0074, and $0.0069, with potential returns estimated at 673%.

At the time of writing, NOT trades at around $0.007198, up 13.89% in the past 7 days despite recent corrections.

Meanwhile, Notcoin has been advancing community engagement initiatives. In August, CNF reported on the project's launch of Not Games on Telegram, a platform featuring high-quality and engaging games. This project aims to build trust and attract millions of users with unique gaming experiences.