Notcoin surges 9%: Will a breakout push NOT to an ATH?
Notcoin (NOT) has been making impressive gains in the last 24 hours, surging by over 9% at press time, according to CoinMarketCap.
With a market cap of $914M, Notcoin’s trading volume reached approximately $220 million, representing an 86% increase in the same period.
After months of a downward trend, Notcoin, which has been in decline since early June, is showing signs of a breakout. The token had been following a descending trendline, with each touch creating a lower low.
However, the recent touch at the end of September formed a double bottom pattern, signaling potential for a breakout.
As at press time, Notcoin has pierced through this key resistance level, and the current candle appears to be closing outside the descending zone, setting the stage for a significant upward move.
A confirmed close above this resistance, followed by a successful retest, could push Notcoin back to its previous all-time highs (ATH), with a potential for gains exceeding 322%.
If the breakout is sustained, Notcoin could create a new ATH, marking a critical milestone for the token, which is one of the pioneering projects launched on the TON blockchain.
As the token gains traction, a new ATH could be on the horizon, which would cement its position as a key player in the TON blockchain ecosystem.
Investors will be watching closely to see if Notcoin can sustain this upward momentum and deliver on the potential for significant gains in the coming days.
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