Price Analysis

Notcoin (NOT) Price Triggers a Huge Bullish Action: Eyes a 25% Upswing in the Next 24 Hours

The crypto markets are recovering! Bitcoin price surged above $57,000! Altcoins are also gearing up to materialise a strong rebound! In the meantime, a popular altcoin, Notcoin has secured crucial resistance. However, a daily close above these levels is expected to push the NOT price towards higher targets in the coming days. 

Will NOT price rally reach $0.02 this week?

The market sentiments have changed to a large extent and are expected to remain volatile in the coming days. Now that the bulls are reclaiming their dominance, the NOT price is expected to initiate a 25% upswing to reach the higher targets. The token dropped by nearly 30% since the start of the month and fulfilled the bearish pressure. Now that the price has initiated a strong rebound, a rise above $0.02 appears to be imminent. 

Ever since the price marked the highs close to $0.03, the bears have held a strong influence over the rally. This compelled the token to remain consolidated within a descending triangle until the recent weekend which compelled the price to pierce down from the lower support zone. After a minor correction, the NOT price has reclaimed the support-turned-resistance zone which may pave the way for a fresh bullish price action as it has been happening since the start of the day. 

The MACD remains bullish while the OBV or on-balance volume, rises above the vertical consolidation. This suggests the bulls are reclaiming their dominance, and after achieving 0.5 FIB at $0.013, the next target could be around 0.718 above $0.02. However, to validate this move, the Notcoin price is required to close above the 0.618 FIB at $0.01677, which could validate a fresh bullish upswing towards the higher targets. 

Also Check Out: Crypto Market Analysis: Bitcoin, Ethereum, and Altcoins Show Gains!

SOURCE

Leave a Comment

data data data data data data data data data data data data data