$NOT surged 50%! Analysts predict that this surge has just begun!
NOT hit an all-time high of around $0.029 in June, but then traded in a descending channel (marked by the blue line). However, the price of the currency has rebounded significantly recently, with an increase of up to 50%, and successfully broke through the upper edge of the descending channel, a sign that may herald the beginning of a new round of rising prices.
Looking at technical indicators, Notcoin’s daily chart relative strength index (RSI) currently has a value of 48, indicating that the price is neither overbought nor oversold, and there is considerable room for upside. The RSI's 14-day average rebounded from support at 33 to 48, further reinforcing this optimistic expectation. Although the current RSI value of 48 can still be considered slightly bearish, market sentiment is expected to be more positive once it breaks through the buyer's zone of 50.
At the same time, the Moving Average Convergence Divergence Index (MACD) shows that both the signal line and the MACD line are below the zero axis, indicating that the overall market is still in a bear market atmosphere. However, this also gives NOT room to fully rise before overbuying. It is worth noting that RSI and MACD, as lagging indicators, do not respond quickly to price changes and mainly provide information based on past activity data. Therefore, investors need to make comprehensive judgments based on real-time price dynamics.
Captain Faibik, a well-known cryptocurrency analyst, confirmed NOT's downward channel breakthrough on social media, and based on his analysis predicted that NOT is expected to achieve a 100% increase from the breakthrough point to the top of the channel, that is, "expecting a 2x bull market." This view provides traders with a basis for entry timing and strategy adjustments. It is recommended to pay close attention to subsequent price trends and look for more confirmation signals to seize potential rising opportunities.
In addition, the article also mentioned an emerging meme currency, Milei Moneda, which was inspired by Argentine President Javier Milei’s liberal and Bitcoin-supporting stance. It is attracting the attention of early investors with its low pre-sale price.
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