Notcoin Ready For Massive Breakout: Is 120% Rally Imminent?
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Notcoin was gearing up for a breakout after a lengthy period of consolidation as of press time with the price action flirting with the Point of Control (PoC) resistance zone on the daily timeframe, indicating strong buying interest at these levels.
Recently, Notcoin’s price swiftly bounced off the horizontal trendline that has been acting as resistance, reinforcing the bullish sentiment among traders.
This rebound from the trendline, combined with a successfully break and retest for the challenging PoC suggesting that Notcoin could soon witness a sharp rally.
If the bulls manage to decisively flip this resistance into support, NOT could see an aggressive push, potentially driving prices up by as much as 120%.
A successful breakout above the PoC could catalyze a substantial bullish movement in the near term.
NOT’s Liquidation Heatmap Outlook
Analysis of NOT/USDT liquidation heatmap on Binance exchange for the past 24 hours revealed increased trading activities at multiple price levels, particularly around the $0.0088 mark.
Notcoin’s price movements were marked by a sharp increase in trading volumes as it approached this liquidity-rich zone.
Historically, price zones with high liquidity attract more price action, suggesting that Notcoin could target these areas for potential breakthroughs or reversals.
The heatmap showed a concentration of liquidity just above $0.0088, which was an indication that traders were positioning for a potential move to the upside.
If Notcoin continues this trajectory, breaking through the $0.0088 could lead to further upward momentum, potentially targeting higher resistance levels.
