Notcoin (NOT) has seen notable price movements, showcasing a strong upward trend followed by a descending channel at $0.01413. The price reached a high of $0.035 and is now consolidating. Investors see this as a potential buying and holding opportunity if it breaks above the channel.
Meanwhile, AAVE is identified as a short sell candidate on a bounce in a downtrend, with resistance at $100, reflecting a strategic point for traders.
Notcoin (NOT) Trends and Insights
VogueDiva, a prominent crypto influencer, highlighted Notcoin’s recent performance. She noted that Notcoin experienced a strong upward trend, followed by a descending channel at $0.01413. The price touched a high of $0.035 and is now consolidating.
Besides, this situation could present a prime buying and holding opportunity if it breaks above the channel.
$NOT is making waves! We've seen a strong upward trend followed by a descending channel at $0.01413!It touched a high of $0.035 and is now consolidating. This could be a prime BUYING and HODLing opportunity if it breaks above the channel. pic.twitter.com/y3yTsyj4x0
— VogueDiva (@Diva_says1) June 30, 2024
Similarly, Trader Sam, a well-known trader, emphasized the current potential of Notcoin. He noted, “$NOT looks good to me here. Hold this level, then target the red line and after that follow the brush level. Easy invalidation below the box level.”
AAVE Analysis
AAVE is currently being considered a short sell candidate on a bounce in a downtrend. The price is in a downtrend, having bounced from $80 back to $100, which is a stiff resistance area and also the 200-day moving average (MA).
This area is likely to see some profit-taking. Short sells can help traders hedge their long positions in their portfolio if the market takes another dive.
Source: altFINS – Start using it today
Furthermore, the analysis from altFINs highlights that AAVE’s price is approaching resistance, a level where it could pause or reverse its recent advance temporarily.
Moreover, resistance is often a level where the price got rejected in the past or a prior support level that was broken. Once the price breaks above resistance, it can advance higher to the next resistance level. Traders are advised to learn to trade key levels.
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Show more +Show less – Technical Indicators and Trends
The short-term trend for AAVE is up, the medium-term trend is down, and the long-term trend is strongly down. The momentum indicates that the price is neither overbought nor oversold, based on RSI-14 levels. The nearest support zones are at $80.00 and then $70.00, while the nearest resistance zone is at $105.00.
Notcoin is presenting an interesting buying opportunity if it breaks its current channel, while AAVE is being positioned as a strategic short sell candidate.
Both tokens have distinct characteristics and potential trade setups that investors should consider based on their portfolio strategies and market outlook.
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The post Notcoin (NOT) Eyes Breakout Above This Key Level as AAVE Nears $100 Resistance: Key Metrics to Watch appeared first on CaptainAltcoin.
