Ali Martinez, who is famous for his cryptocurrency analysis, evaluated Notcoin ($NOT ).

Sharing on the X platform on November 5, crypto analyst Ali Martinez made a remarkable prediction that the Notcoin (#NOT ) price will remain on the rise in the coming weeks. According to analysts' predictions, the popular Telegram-based altcoin seems ready for a new upward movement until 2025.

The prediction in question may be based on the "falling wedge" formation formed on the NOT daily price chart. A falling wedge is a pattern consisting of two converging trend lines connecting price peaks and bottoms in technical analysis. A wedge formation can be in a rising or falling structure and can usually be a signal for the continuation or reversal of a trend.

However, the formation of the signal varies depending on the direction in which it is broken.

Notcoin (NOT) is winking at the rise with its technical structure

A falling wedge formation is a structure in which the price moves in a downward trend and a trend reversal is accepted if the upper trend line is broken. On the other hand, if the price falls from the “wedge”, this can be considered as a continuation of the trend.

As stated in the chart above, the NOT chart has been moving in a falling wedge formation in recent months. This indicates that the downtrend is losing momentum. However, Martinez stated that the 0.007 resistance level must be broken in order for Notcoin to break out of the wedge.

It is seen that the price has broken not only the $ 0.007 resistance, but also the falling wedge formation. This situation means that the altcoin2 can rise to higher levels in the coming weeks.

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