I'm extremely bullish on **NOT Coin**, and here's why:
đ **Falling Wedge Pattern:** In the longer timeframe, we can observe a huge falling wedge forming (see attached photos). This pattern typically signals a strong upward breakout, and the technical target points to a potential **200%+ increase** from the current price!
đ **Breakout Confirmed:** After five months, we've seen three breakouts from the falling wedge's resistance line. With this, we're likely to see more capital flow into altcoins. The **Altcoin Index** also suggests a bullish trend, making NOT Coin a strong contender for gains.
âïž **BTC Dominance Decline:** From a mid-term perspective, Bitcoin's dominance is weakening, which is great news for altcoins like NOT. The overall altcoin market is gaining strength.
đĄ **Altcoin Market Cycle:** Historically, after bear markets, high-cap coins like **BNB** and **SOL** recover first. This signals the beginning of an altcoin season. Next up, we expect mid-cap coins to follow suit, and low-cap gems like **NOT Coin** to surge shortly after. With **XRP** poised for a pump, weâre on the verge of an altcoin explosion.
Crypto pre-markets are places where investors can trade tokens before they are officially launched to the public. Unlike regular markets, which operate 24/7, crypto pre-markets focus on trading tokens that havenât been released yet.
How Do Crypto Pre-Markets Work?
Crypto pre-markets let traders buy and sell tokens during the period between when a token is announced and when it becomes available on exchanges. Hereâs how it typically works:
1. **Announcement**: A new cryptocurrency project announces it will release a token through an Initial Exchange Offering (IEO).
2. **Pre-Market Phase**: Before the token is distributed and listed on exchanges, the project might allow trading of the unreleased tokens on a decentralized platform. This lets early investors buy and sell these tokens.
3. **Price Discovery**: This trading helps establish a preliminary value for the token and gives a sense of market interest.
Some centralized exchanges (CEXes) also offer pre-market trading, acting as secure platforms for these transactions.
In short, crypto pre-markets provide a way for traders to get involved early, speculate on future prices, and help set initial valuations for new tokens. #Write2Earn! #BTCâ
I've observed a rising wedge pattern on the 30-minute chart, indicating a bearish outlook for XAI. There's also a bearish divergence in the RSI, further supporting this sentiment.
The trends in TOTAL3 and other market indicators are bearish, which reinforces my confidence in this trade. Additionally, with USDT dominance being oversold, I anticipate a rise in USDT that could negatively impact BTC and altcoins.