#NOT🔥🔥🔥 #Notcoin👀🔥 #NOT🚀 #Notcion #Crypto_Century
Notcoin is down more than 7% in the last 24 hours. However, a bullish pattern has emerged on the NOT chart, indicating potential price increases.
Notcoin [NOT] created significant excitement in the market even before its launch. However, its debut was disappointing as its price quickly dropped. Despite this, a potential turnaround could be on the horizon as a bullish pattern has emerged on the token's price chart.
Potential Notcoin Revival
Notcoin was highly anticipated before its launch, but it failed to live up to investors' expectations as its price dropped significantly. However, the token has gained bullish momentum recently, rising over 40% within a week.
This positive trend was short-lived as the altcoin depreciated by more than 7% in the last 24 hours. At the time of writing, NOT was trading at $0.0203 with a market cap of over $2 billion. The price decline negatively impacted the token's social performance, with social volume decreasing and weighted sentiment remaining in negative territory, indicating that bearish sentiment still dominates the Notcoin market.
However, this setback may be temporary as a bullish pattern has emerged on the NOT price chart. Captain Fibik, a renowned crypto analyst, recently tweeted that HE appears to be on the verge of breaking out of this bullish pattern.
NOT has been consolidating in a bullish pattern over the past few days, and a successful breakout could potentially send prices up 67%. This surge could allow the token to retest its recall high in the near future.
Potential Trend Reversal?
Given the bullish pattern suggesting a possible trend reversal, I examined the 12-hour chart of Notcoin to determine if it could break above the pattern in the coming days. Our analysis showed that the technical indicator MACD showed a clear bearish crossover, indicating a potential continued decline in prices.
However, the Relative Strength Index (RSI) registered an upward move and Chaikin Money Flow (CMF) followed a similar trend. This suggests that NOT can still successfully break above the bullish pattern.
Meanwhile, Toncoin [TON], a blockchain that is not minted on, has also gained bullish momentum. The price of TON has increased by more than 17% over the past seven days. At the time of writing, TON was trading at $7.40, with a market capitalization exceeding $417.9 billion, making it the ninth largest cryptocurrency. Notably, TON exchange outflows decreased last week after a sharp peak on June 3rd. This reduction in buying pressure could become problematic.
