Price Analysis

Notcoin (NOT) is Preparing for Another Big Move; a 60% Upswing May Be On the Horizon

Notcoin has gained significant attention in recent items as the price surged monstrously. Now that the token faced a 25% pullback after a huge rise of nearly 3500%, the market participants appeared to be bewildered about the next price action. However, the current trade setup suggests the NOT price is accumulating strength and may trigger a healthy upswing in the next few days. 

The NOT price has undergone a parabolic move since its inception and has achieved great highs. As mentioned above, the token maintained a descending consolidation for a while, which in turn flashed massive bullish signals. The retracement has compelled the price to form a bullish pennant and the levels have reached the apex of the consolidation, which suggests an extended bullish trend may be on the horizon. 

The NOT price appears to have remained stuck within a range in the long term, while the short-term trade displays a huge possibility of a bullish breakout. The price is consolidating within a bullish pennant and one last pullback is expected to trigger a huge upswing after a breakout from the edge of the accumulation. Besides, the RSI remains stuck around the average range, while the MACD is about to enter the positive range with a bullish crossover. 

Collectively, the Notcoin price continues to remain within the bullish range, regardless of the interim bearish pressures. Besides, the volume has also been experiencing excessive squeeze, which indicates the probability of a huge influx of volume in the coming days. With this, the NOT price could trigger a fresh upswing and reach the upper target at $0.03 initially and later hit the ATH at $0.035 before the end of June 2024. 

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