Crypto Analyst Projects Notcoin Price Could Rise 78% to $0.012
The Notcoin price has shown significant movement recently, with a crypto analyst on the X platform providing an optimistic update regarding its future performance.
Is The Price Of NOT Making A Comeback?
On November 5, crypto analyst Ali Martinez shared a bullish prediction for Notcoin, suggesting it may experience a rally before the end of 2025. This forecast is based on the formation of a falling wedge pattern observed in the NOT daily price chart.
The falling wedge pattern consists of two converging trend lines connecting price highs and lows. This technical analysis pattern can indicate either a trend reversal or continuation, depending on the breakout direction.
A descending wedge pattern occurs during a downward trend; a successful breach of the upper trend line confirms a trend reversal. Conversely, if the price breaks below the wedge, it signals a continuation of the current trend.
The chart indicates that Notcoin has been forming a falling wedge over recent months, suggesting that the downward trend is losing momentum. Martinez pointed out that breaching the resistance level at $0.007 is essential for breaking out of the wedge.
In a November 9 update, the NOT price reportedly broke above the $0.007 resistance and exited the falling wedge pattern. For continued positive momentum, investors should monitor whether the weekly candle closes above $0.07.
If the next few weeks align with Martinez's predictions, Notcoin could approach its July highs, with a target of $0.012 representing a 78% increase from the current price.
Notcoin Price At A Glance
Currently, the NOT token is priced at approximately $0.0076, showing nearly a 25% increase in the past 24 hours. This surge positions Notcoin among the top performers of the day.
