Crypto Analyst Predicts Notcoin Price To Surge 76% — Here’s How

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As a seasoned analyst with over two decades of experience in the financial markets, I find Ali Martinez’s bullish prognosis for Notcoin quite intriguing. While I’ve seen my fair share of market predictions that have fizzled out like fireworks on a damp night, this one seems to hold some weight.

Over the last 24 hours, the value of Notcoin has shown remarkable strength, and a well-known cryptocurrency expert from the X platform has shared an enticing prediction in favor of its upward trend as an altcoin.

Is The Price Of NOT Making A Comeback?

On November 5th, well-known crypto commentator Ali Martinez shared a bullish forecast on X regarding the price of Notcoin in the near future. The analyst believes that this Telegram-based altcoin could surge by the end of 2025, potentially setting off a rally.

The optimistic outlook stems from the emergence of a “falling wedge” configuration on the daily chart for NOT. This technical pattern, commonly observed, typically includes two trend lines that gradually converge. One line is drawn by connecting the chart’s high prices, while the other links the low prices.

A wedge shape, either ascending or descending, may indicate a potential shift or persistence in a market trend. The nature of this signal, whether it signals reversal or continuation, relies on the direction the wedge breaks.

To put it simply, the ‘descending wedge pattern’ is created when prices consistently move downwards, but with narrowing gaps between them. A break above the upper boundary of this trend would suggest that the downtrend has reversed. Conversely, if the price falls below the lower boundary, it might indicate a continuation of the existing trend.

According to the graph you see, Notcoin’s price has been following a descending triangle pattern for several months now, indicating that the current downward movement might be slowing down. But Martinez pointed out that in order for Notcoin to exit this triangle, it must first surpass a significant resistance point at $0.007.

In my latest analysis update from November 9th, it seems that the value of NOT has not only shattered the resistance at $0.007 but also escaped the confines of a falling wedge pattern. This development suggests optimistic prospects for the altcoin’s price over the coming fortnight. However, investors would be wise to keep an eye on the weekly candle close surpassing $0.07 to confirm this bullish trend.

According to Martinez’s predictions, if things unfold as expected in the coming weeks, Notcoin’s price might reach its July highs. Specifically, he anticipates that the altcoin will hit $0.012, a 78% increase from its current value.

Notcoin Price At A Glance

Currently, the NOT token stands at approximately $0.0076, representing a nearly 25% surge over the last 24 hours. This unexpectedly strong bullish push positions the Telegram-based token as one of the top daily performers.

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2024-11-10 12:04