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- The Notcoin price has crossed the 50-day EMA mark and is looking for a rally ahead.
- Analyst guides a bullish outlook, suggesting a 76% increase ahead.
Notcoin (NOT), launched on the TON blockchain, has garnered bullish optimism. The token has witnessed an impressive price surge this week. Notcoin price has gained over 30% and aims for a massive trend reversal.
Amidst the bullish market sentiment, the crypto recorded a falling wedge breakout. Furthermore, the analyst has anticipated a rally ahead.
At press time, the Notcoin crypto was trading at $0.007725. It noted an intraday rise of over 7.20%. Its market cap has risen to $791.79 Million and ranked 95th among the top crypto coins.
Analyst Predicts 76% Surge: Here’s the Take
Crypto analyst Ali Martinez shared a post on X, saying that Notcoin crypto has registered a falling wedge breakout. It can surge 76% to $0.012 in the short term.
#Notcoin $NOT broke out of the falling wedge, and its price is projected to increase 76% to $0.012! https://t.co/5GuybE9kuI pic.twitter.com/P2UOaAZpo3
— Ali (@ali_charts) November 9, 2024
On a similar note, CryptowithKhan said that the token had conveyed signs of a trend reversal. It is one of the OG projects on the TON blockchain and was corrected by over 75% from ATH. Currently, it offers a better risk to reward for buying.
$NOT is finally trying to breakout from it's downtrend.
— Crypto with Khan ( SFZ ) (@Cryptowithkhan) November 10, 2024
– One of the OG project in $TON ecosystem
– 78% down from ATH
It will perform well once $TON starts the rally.
Since market is ripping without correction so won't be surprised if it will hit entry points mentioned in the… pic.twitter.com/G49aanffyx
Per the Fib levels, it has sustained above the 50% zone. In the coming sessions, the token could surge to a 61.8% level toward $0.00880.
NOT Price Prediction: Is $0.01 Possible This Month?
Notcoin price prediction has unveiled a bullish stance. The Notcoin price has surpassed the 50-day EMA mark and was primed for a bullish rally. The buying pressure strengthened as the token registered a falling wedge breakout. Additionally, the sellers looked in trouble.
Analyzing the price action of NOT/USDT showed signs of bull dominance. On the daily timeframe, the Notcoin price has made a bullish marubozu candle. It has surpassed the 20-day and 50-day EMA barrier.
If the token price holds gains above $0.007500, a significant upsurge toward $0.008800 can be seen in the coming sessions. The $0.0100 mark would follow this.
The recent breakout positioned NOT crypto among the top crypto gainers. Moreover, the current positioning of the token signaled a stronger potential for higher gains.
The Relative Strength Index (RSI) line spiked above the midline region, around 57 at press time. This indicated that buying momentum has strengthened. Additionally, a significant move can be anticipated in the following sessions.
Moreover, the Money Flow Index (MFI) reading depicted a positive outlook. That indicated a significant inflow entering the market.
Meanwhile, the Average Directional Index (ADX) reading was still around 20. This represented that the downtrend was still there.
Futures Market Data Outlook
Data from Coinglass revealed a bullish outlook. The futures Open Interest (OI) has risen over 15.95% to $126.03 Million. This implied a significant long buildup activity over the past 24 hours.
Moreover, the OI-weighted funding rate, around 0.201%, remained optimistic. It indicated a bullish outlook. The immediate support zones for NOT crypto were $0.007500 and $0.007200. At the same time, the resistance levels were $0.008200 and $0.00900.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
