With high anticipations of a bull market growing, despite the BTC price struggling under $70, some altcoins are moving at a breakneck pace. Entering the list of the top 100 cryptocurrencies, NOT price trend shows a massive jump this week.
The bull run in the altcoin presents strong underlying demand, closing above the psychological mark of $0.010 within days of the bull run. Will the high momentum uptrend in the NOT price continue to surpass $0.020?
Pullback Break Aims New All-Time High Levels
Following the listing gains on 16th May, the NOT price enters a pullback phase, leading to a drop to $0.0046838. This accounts for a 40% pullback. Nevertheless, the bull run revives as the broader market gains momentum with the meme coins explosion.
Tradingview
With the conclusion of the pullback phase, the NOT price shows a massive jump to break the previous all-time high of $0.0076305. Currently, the altcoin is showing a 160% surge, surpassing the $0.010 psychological milestone.
With six days of bullish streak, the massive surge in the underlying demand is clearly visible. Further, the increasing trading volume bolsters the possibility of an uptrend.
Technical indicators:
RSI Indicator: The bullish trend in the NOT price drives the RSI line in the 4H chart into the overbought boundary.
EMA: With limited trend action, the 50 EMA in the 4H chart keeps a banana trend.
Will NOT Price Surge 90%?
As per the trend-based Fibonacci levels, the NOT price breaks above the 100% level and aims to prolong the bull run. Currently, the altcoin exchanges hands at $0.011827 with an intraday growth of 13.73%.
With the next resistance at the 1.618 Fibonacci level at $0.015, the sideline traders anticipate a jump to the 2.618 Fibonacci level at $0.02275. Conversely, a dip below the $0.00115861 level could plunge the price to $0.0101090.
