Notcoin (NOT) is among the top 3 gainers in the crypto market today as its price is up 20%. Its trading volume has also increased by 71.98%, suggesting that investors are buying NOT. At publication, it is trading at $0.01054.
Top analysts Sheldon The Sniper and Ali Charts on X (formerly Twitter) have weighed in on this trend, highlighting key indicators that suggest Notcoin could be in for a bullish run. With rising momentum, investors are keeping an eye on the next targets as market interest grows.
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Notcoin Chart Analysis: Falling Wedge Breakout Sets the Stage
The current price action shows a breakout from a falling wedge pattern, a technical setup often signaling a reversal in bearish trends. Ali’s NOT chart pointed out that the SuperTrend indicator has flashed a buy signal, suggesting that NOT’s price could be gearing up for a rally.The combination of this indicator and the wedge breakout indicates that the token might reach a price range of $0.012 to $0.014.
Image Source: X/AliCharts
This projected price range aligns with key Fibonacci retracement levels. The 0.618 retracement level stands at $0.01199, serving as the first potential resistance. If the token pushes through, the 0.786 level at $0.0094 could come into play, potentially signaling a further rise.
The SuperTrend buy signal, observed at the lower end of the wedge, has shifted market sentiment in favor of bulls. Historically, buy signals from this indicator have corresponded with upward price movements.
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Show more +Show less – Resistance Levels to Watch
Sheldon’s NOT chart identified two primary resistance zones. The first, at $0.0129, represents a 22.39% gain from current levels and could be a key turning point for bulls. Should this level be surpassed, the next resistance at $0.0184 marks a 74.57% gain, indicating a strong potential for continued bullish momentum.
$NOT looking like it wants to join the party pic.twitter.com/6zEOHyebIP
— Sheldon The Sniper (@Sheldon_Sniper) September 25, 2024
Sheldon The Sniper added to the growing optimism around Notcoin, stating, “$NOT looks like it wants to join the party.” His tweet, alongside the technical indicators, suggests that the token might be on the cusp of a significant upward move. Traders are closely monitoring these signals as market momentum builds.
With both the falling wedge breakout and the SuperTrend buy signal in play, Notcoin is positioned for a potential rally, targeting higher price zones.
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The post Notcoin Price Pumps 20% – Is NOT ‘Joining’ The Party? Analyst Weighs In appeared first on CaptainAltcoin.
