$NOT tops the charts, eyes 25% gains this week - AMBCrypto Analytics

Analyzing the price action of NOT/USDT pair, shows clear signs of bullish momentum. On the 4-hour timeframe, Notcoin recently broke out of a falling wedge pattern, where it had been consolidating for the entire month of August. This breakout positioned Notcoin among the top gainers. The current price action has now broken out of the triangle pattern and is struggling to stay above the 200 EMA. If the price remains above this crucial level, it signals a stronger potential for higher gains. Analysts suggest that Notcoin could see a ROI of over 25% by the end of the week, as the chart signals an urgent need for the price to remain above the breaker level.

Furthermore, earlier in the month, a breakout from a consolidation phase led to 30% gains for short traders, so a similar upward breakout is highly likely. The MACD indicator also supports this bullish outlook, as the histogram shows strong momentum, and the MACD line has crossed above the signal line, indicating a continued upward trend. If the NOT/USDT pair fails to stay above the breaker level or the 200 EMA, traders are advised to be cautious when taking long positions.