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Cryptocurrency News Articles
Notcoin (NOT) Price Pumps 20% – Is NOT ‘Joining’ The Party? Analyst Weighs In
Sep 28, 2024 at 05:30 am
Notcoin (NOT) is among the top 3 gainers in the crypto market today as its price is up 20%. Its trading volume has also increased by 71.98%
Notcoin (NOT) price is up by 20% in the past 24 hours, making it one of the top 3 gainers in the crypto market today.
Its trading volume has also increased by 71.98%, suggesting that investors are buying NOT. At press time, it is trading at $0.01054.
Top analysts Sheldon The Sniper and Ali Charts on X (formerly Twitter) have weighed in on this trend, highlighting key indicators that suggest Notcoin could be in for a bullish run. With rising momentum, investors are keeping an eye on the next targets as market interest grows.
Notcoin Chart Analysis: Falling Wedge Breakout Sets the Stage
The current price action on Ali’s NOT chart shows a breakout from a falling wedge pattern. This technical setup often signals a reversal in bearish trends.
Ali's chart also highlights the SuperTrend indicator, which has flashed a buy signal on the lower end of the wedge. This indicator is designed to identify prevailing trends and potential reversals.
When the token’s price dips below the indicator line and encounters support, the indicator shifts to a bullish alignment, potentially signaling an upward move in the token's price.
This indicator's buy signals have historically corresponded with upward price movements in the token.
In this case, the indicator's buy signal suggests that NOT's price could be gearing up for a rally. The combination of this indicator and the wedge breakout points towards a potential price range of $0.012 to $0.014.
This projected price range aligns with key Fibonacci retracement levels. The 0.618 retracement level stands at $0.01199, serving as the first potential resistance. If the token pushes through, the 0.786 level at $0.0094 could come into play, potentially signaling a further rise.
Resistance Levels in Focus as per Sheldon's Chart Analysis
Sheldon's NOT chart identifies two primary resistance zones. The first, at $0.0129, presents a 22.39% gain from current levels and could be a key turning point for bulls.
Should this level be breached, the next resistance at $0.0184 marks a 74.57% gain, indicating a strong potential for continued bullish momentum.
$NOT looking like it wants to join the party pic.twitter.com/6zEOHyebIP
Sheldon The Sniper (@SheldonSniper_) March 1, 2023
Sheldon's tweet, which is garnering attention, reads, “$NOT looks like it wants to join the party.” This statement, coupled with the technical indicators, suggests that the token might be on the cusp of a significant upward move. Traders are closely monitoring these signals as market momentum builds.
With both the falling wedge breakout and the SuperTrend buy signal in play, Notcoin is positioned for a potential rally, targeting higher price zones.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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