Notcoin (NOT) has emerged as a token with promising growth potential, as highlighted by analyst Dexter_The_Trader on TradingView. According to his analysis, NOT could experience a rally, with a potential 3x to 6x increase in value.
Moreover, the expert noted that NOT’s price has rebounded from a strong support level, setting the stage for a possible rally.
Expert’s Notcoin Analysis
Dexter_The_Trader reveals that NOT has bounced off a crucial support level at $0.00847. This rebound indicates strong buying interest at lower price levels. The token is approaching a key resistance trendline at $0.0148, which could be a turning point for its price action.
A breakout above the $0.0148 resistance level could trigger a substantial upward move for NOT. Dexter anticipates that such a breakout might increase the token’s price. The analyst has identified $0.03 as a higher resistance level, which aligns with NOT’s previous peak.
Given the current market conditions, the analyst suggests that accumulating NOT at current market prices or lower could be a profitable strategy. The analyst believes that entering positions at these levels could yield returns if the projected bullish scenario unfolds.
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NOT Price Forecast
Analyzing Dexter’s NOT chart on the 12-hour timeframe provides additional context to the price prediction. The token’s price action has been confined within a descending channel, with clear support and resistance trendlines. This pattern has dictated NOT’s medium-term bearish trend.
However, a potential bullish reversal is on the horizon. If NOT can break above the descending channel’s resistance, it could signal a shift in market sentiment. This breakout scenario aligns with the analyst’s prediction of a move toward the ATH range.
Source: Dexter_The_Trader
The analyst’s outlook is particularly optimistic, suggesting the potential for 3x to 6x gains in the upcoming altseason. Based on the chart analysis, a successful breakout could see NOT’s price reach as high as $0.06634. This target represents a 592.90% increase from current price levels.
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The post Notcoin Price Prediction: Analyst Foresees Up to 6x Rally for NOT—Here’s His Outlook appeared first on CaptainAltcoin.
