The cryptocurrency markets are rising again! The price of bitcoin soared past $57,000! Altcoins are likewise prepared for a significant comeback! Notcoin, a well-known altcoin, has managed to secure significant resistance in the interim. But in the upcoming days, it is anticipated that a daily close above these levels would drive the NOT price towards higher goals.
The attitudes of the market have significantly shifted and are predicted to stay erratic in the days ahead. It is anticipated that the NOT price will start a 25% rise to achieve the higher goals now that the bulls are taking control of the market. Since the beginning of the month, the token has decreased by almost 30%, caving in to the bearish pressure. The price is starting to rise strongly now, and it looks like a break above $0.02 is coming soon.
Since the price reached its peak near $0.03, the bears have exerted significant control over the upward trend. Because of this, the token was forced to stay consolidated within a descending triangle until the previous weekend, when the price was forced to break out of the lower support zone. The NOT price has recovered the support-turned-resistance zone following a small drop, which could lead to new bullish price action as it has been doing since the day's beginning. As long as the on-balance volume, or OBV, increases above the vertical consolidation, the MACD stays positive. This indicates that the bulls are taking control again, and the next objective could be about 0.718 above $0.02 after reaching 0.5 FIB at $0.013.
The Notcoin price must, however, close above the 0.618 FIB at $0.01677 in order to confirm this move and maybe signal a new bullish upswing towards the upper goals.