As a seasoned crypto investor with a knack for spotting promising altcoins, I’ve been following Notcoin (NOT) closely. Having witnessed its meteoric rise and subsequent slump, I must admit that my interest was piqued when Ali Martinez, a respected analyst in the field, predicted a bullish future for NOT. His analysis of the falling wedge pattern is convincing, especially given the altcoin’s history.
In the last 24 hours, Notcoin (NOT) has experienced a remarkable surge, increasing by approximately 19.71% to reach a current high of $0.0085. Although the excitement surrounding this Telegram-based cryptocurrency has slightly diminished in the past few hours, renowned crypto analyst Ali Martinez forecasts additional price growth based on his recent bullish prediction.
Notcoin Preparing For Liftoff: Analyst
On November 23rd, Martinez expressed an optimistic view about Notcoin in a recent post, suggesting that its sideways movement after exiting a falling wedge could be indicative of positive trends. Typically, a falling wedge is a bullish pattern where two descending trendlines converge as the price decreases.
If you notice a falling wedge formation following a downward trend, it may suggest a possible shift towards an upward trend. However, if this pattern emerges during an upward trend, it typically means just a brief pause before the price increase resumes.
After its debut in May, Notcoin experienced an impressive surge of more than 380%. However, this was followed by a prolonged downturn in a bearish market that lasted for about five months. On November 9, Martinez expressed optimism, suggesting that the altcoin had escaped from a falling wedge pattern, potentially indicating a possible price increase of up to 76%.
Over the last fortnight, Notcoin’s price movement has been quite limited, fluctuating between approximately $0.0070 and $0.0084.
In response to this progress, Ali Martinez continues to express optimism about his bullish forecast, asserting that the altcoin is simply accumulating the essential momentum and market liquidity before a price surge occurs. The analyst’s projected price remains at $0.12, which would mark the token’s peak value since August if it’s reached.
Major Resistance Awaits NOT Bullish Rally
In light of potential significant price increases, investors should be aware that Notcoin may encounter a resistance level at $0.010, which has proven effective in the past with price rejections, as seen in October. Yet, it’s important to keep in mind Martinez’s optimistic forecast, which still seems plausible given the current strong bullish trends in the Notcoin market and the overall crypto community.
The cryptocurrency market has seen a positive trend since Donald Trump, a pro-cryptocurrency president, was elected. This optimism towards a supportive government for cryptos might lead investors to maintain their purchase momentum on not only mainstream cryptocurrencies but also Notcoin.
Furthermore, Notcoin is consistently forming strategic alliances aimed at enhancing its usage. One such collaboration is the recently launched Telegram Gaming Accelerator, a joint venture with Helika Gaming. As of now, NOT is trading at $0.0081, showing an increase of 4.36% and 5.66% over the past week and month respectively. It’s also worth noting that the daily trading volume for this altcoin has surged by 138.51%, currently standing at a substantial $362.69 million.
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2024-11-24 22:34