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Cryptocurrency News Articles
Notcoin ($NOT) Shows Signs of a Potential Breakout, Predicts Analyst Ali Martinez
Oct 03, 2024 at 05:51 pm
The recent performance of tokens in the TON ecosystem on Binance has been marked by sharp declines. Over the past 30 days, several tokens have seen significant losses.
Recent performance of tokens in the TON ecosystem on Binance has seen a sharp decline, with several tokens showing significant losses over the past 30 days.
DOGS is down 38.77%, HMSTR has dropped by 47.08%, and CATI has fallen by 37.08%. These tokens have struggled to maintain value, with declines of around 30% to 50% compared to their all-time highs (ATH).
Recently, the TON ecosystem tokens launched on Binance have generally experienced significant declines. In the past 30d, DOGS fell by 38.77%, HMSTR fell by 47.08%, and CATI fell by 37.08%. In addition, relative to their ATH prices, these tokens generally have a decline of about… pic.twitter.com/PYw83zjpgZ
— Wu Blockchain (@WuBlockchain) October 1, 2024
However, analyst Ali Martinez has spotted a potential breakout for Notcoin ($NOT), which could lead to a 12.50% upswing. On the hourly chart, Notcoin is forming a falling wedge pattern, a technical signal that often indicates a bullish reversal. If this pattern holds, Martinez predicts a significant upswing for the token.
#Notcoin $NOT appears to be breaking out of a falling wedge on the hourly chart, which suggests a 12.50% upswing! pic.twitter.com/sShIEYlPJq
— Ali (@ali_charts) October 1, 2024
Notcoin Price Today -15% At $0.0007 Despite Breakout Potential
As of today, Notcoin has experienced a 15% price decline, currently trading at $0.0007. While the short-term outlook may seem bearish, the potential breakout could signal a recovery for the token in the near future. Investors and traders will be keeping a close eye on this technical pattern and its potential impact on Notcoin's price.
The overall market conditions for TON ecosystem tokens have been challenging, with significant drops observed across the board. However, opportunities for recovery may present themselves, as indicated by technical breakouts and bullish indicators for some tokens. For now, the market remains volatile, and investors are advised to proceed with caution and conduct their own research before making any investment decisions.
The post Notcoin ($NOT) Price Today -15% Despite Potential Breakout appeared first on The Merkle Hash.
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