Notcoin (NOT), one of the leading altcoins of the Toncoin ecosystem, completed its consolidation process with the rise it achieved the other day.
The Telegram-supported Toncoin ecosystem, which gained significant momentum in early 2024, may show a strong rise again in the coming weeks. NOT, which is part of the Toncoin ecosystem, experienced a potential breakout by gaining 14.05 percent in the last 24 hours.
AMBCrypto examined the levels that Notcoin could reach if it continues its uptrend.
Notcoin (NOT) Analizi
Notcoin (NOT), which has increased by over 10% in the last 24 hours, is advancing towards new highs. However, despite this rise, it remains 70% below its all-time high. Analysis predicts that the current positive market movement could push the NOT price to record levels.
Crypto analyst Ali Martinez stated that the “falling wedge” breakout seen on the NOT chart, the next target price is $0.012. Martinez stated that NOT consolidated after this breakout and the accumulation phase lasted about two weeks. According to the analyst, this accumulation period will allow NOT to build strong momentum and rise further. According to the review conducted by AMBCrypto, Notcoin is currently facing buying pressure and is rapidly gaining momentum.
AMBCrypto stated:
“Notcoin is currently in an uptrend and continues to gain value due to positive market sentiment. As the upward momentum continues, further increases in NOT price may be seen.”
The analysis highlighted that NOT’s Open Interest (OI) rate increased by 20 percent, reaching its highest level in the last three months. The increase in Open Interest rates indicates that investors are actively opening new positions.
AMBCrypto predicted that NOT could reach $0.00992 in the short term and if it breaks this level, it is possible to rise to $0.012.
