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- Notcoin price has climbed 65% in the past 10 days.
- NOT broke out and retested the 20-day EMA.
NOT price chart has displayed a V-shaped recovery in the first week of July. It has almost recovered from the recent losses and has surpassed the last swing high.
After reaching an all-time high, NOT has declined by facing resistance from a trendline. On July 10, the price faced resistance from the trendline. However, the buyers have shown involvement and surpassed the trendline.
Based on the technical indicators, the Notcoin price advanced the 20-day EMA, which might indicate a bullish forecast. RSI has displayed a bullish divergence showcasing a bullish trend. RSI has generated a bullish crossover with the RSI-based moving average.
Is Notcoin Crypto Regaining Momentum?
A source on X claimed that Notcoin price is gaining momentum for a bull run. It has increased by 9.50% in the past 24 hours and 10.90% in a week. Notcoin price has triggered a breakout from a symmetrical triangle pattern in a 2-hour time frame.
$NOT MOMENTUM BUILDING!
— Jane Bennet (@JaneBennet8474) July 15, 2024
9.5% INCREASE IN 24hrs, 10.9% IN 7 DAYS!
BROKEN SUPPORT, ALL-TIME HIGH IN SIGHT? #NOT #Notcoin #Crypto pic.twitter.com/gwWvk4cgCZ
After the breakout, NOT price underwent a consolidation phase. If the price emerges from the consolidation phase, it may perform positively for a longer frame.
NOT Crypto Price Formed a Descending Triangle on 4-H Timeframe
In a 4-H time frame, the NOT formed a descending triangle pattern. It has triggered a breakout from the triangle and surged by 9.66% in just 4 hours.
If the digital asset price stays away from the triangle and volume increases, buying momentum could be seen. Surpassing the $0.0180 hurdle may tempt the buyers to the $0.0220 mark.
On the other hand, if NOT reenters the triangle, buyers at the breakout might trapped and selling pressure can be seen.
Notcoin Price Technical Analysis Over 1-D Timeframe
At press time, the Notcoin crypto had traded at $0.0160 with an intraday gain of 6.28%. The market capitalization was $1.64 Billion and the trading volume was $370.35 Million at the time of writing.
On a daily time frame, NOT pulled back by taking support on the 20-day EMA. If the price surpasses the last swing high, it might surge to a new all-time high.
Alternatively, assuming the digital asset price starts trading below the trendline, then it may respect the lower high and may generate a new lower low. If the buyers get trapped over the trendline, strong selling pressure could be seen.
NOT Price Could Reach ATH of Sellers’ Domination on its Way?
Technical analysis suggests that NOT has shown significant bullish momentum, triggering breakouts from various patterns and recording significant gains. The price managed to overcome resistance levels and is currently consolidating, indicating potential for further upward movement. If the price manages to stay above key levels and sustains the positive momentum, it might be poised for an all-time high.
On a daily time frame, the Notcoin crypto price is expected to face resistance from the $0.0170 and $0.0210 levels. It may take support at $0.0140 and $0.0100 mark.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
