Notcoin Price Surges 19.71% to $0.0085 Amid Bullish Predictions
Notcoin (NOT) experienced a price increase of 19.71% in the past day, reaching a local peak of $0.0085. Although momentum has slowed recently, analyst Ali Martinez predicts further gains based on recent trends.
Notcoin Preparing For Liftoff: Analyst
In an X post on November 23, Martinez provided a bullish outlook for Notcoin following its sideways movement after breaking out of a falling wedge pattern two weeks prior. A falling wedge is a bullish formation marked by two converging downward trend lines.
This pattern suggests a potential reversal to an uptrend if it appears after a downtrend, or indicates a pause before continuing an existing uptrend if formed during one.
Since launching in May, Notcoin rose over 380% but faced a bearish market that lasted five months. On November 9, Martinez noted that the altcoin had broken out of a falling wedge, forecasting a potential 76% price increase.
Despite this, Notcoin has remained range-bound over the last two weeks, fluctuating between $0.0070 and $0.0084. Martinez maintains confidence in his bullish prediction, asserting that the altcoin is building momentum and liquidity for a price upswing, with a target of $0.12, which would be its highest level since August.
Major Resistance Awaits NOT Bullish Rally
Investors should be aware that Notcoin faces a key resistance zone at $0.010, previously effective in rejecting price increases in October. However, Martinez’s optimistic projection remains viable due to strong bullish sentiment surrounding Notcoin and the broader cryptocurrency market.
The digital asset market has seen positive movement following the election of pro-crypto candidate Donald Trump as US President, leading to expectations of continued buying pressure across major cryptocurrencies, including Notcoin.
Additionally, Notcoin is forming strategic partnerships to enhance its adoption, such as the recent Telegram Gaming Accelerator launched with Helika Gaming. Currently, NOT trades at $0.0081, showing gains of 4.36% over the past week and 5.66% over the past month. The altcoin's daily trading volume has increased by 138.51%, totaling $362.69 million.
