NOT currency is ready to go, and a 50% increase is coming!
The crypto market has seen a strong rebound overnight, with the altcoin sector unleashing bullish entry opportunities. Among the many altcoins on the rise, NOT coin’s price prediction hints at an upcoming breakout rally.
Is NOT currency ready for a breakthrough rise?
Current status: The current price of NOT coin is US$0.01605, with a market value of US$1.645 billion. Despite falling 7.27% intraday, it is up 14.44% overnight and is trying to challenge the trendline above.
Bull cycle: Starting from the psychological support level of $0.010, NOT coins are challenging the supply zone above and seeking a breakthrough. Despite a 70% gain in nine days, it is still difficult to overcome supply pressure from the descending trendline.
Potential Pullback: The trend of lower highs continues, signaling a possible pullback to psychological support at $0.010. However, a broader market recovery could lead to a break above the trend line and usher in a rally.
Technical indicators:
RSI: The RSI daily indicator line broke above the midline, reflecting the surge in underlying demand.
MACD: The convergence of the MACD and signal lines forms a bullish crossover and an ascending positive histogram.
These momentum indicators have boosted bull confidence, suggesting that NOT coin prices may continue their upward trend.
Can NOT coin reach $0.050?
Reversal “Head and Shoulders Bottom” Pattern: Despite the sideways trend, NOT coin’s price hints at a reversal “Head and Shoulders Bottom” pattern with a neckline at $0.017. However, the recent rejection from the trendline signals a possible bullish failure.
Breakout Potential: A breakout rally could see the altcoin’s price surge to $0.031 by the end of July. Optimistically, the rally could continue to climb towards $0.045 or the Fibonacci retracement level of 1.618.
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