Notcoin (NOT) is preparing for another big step; a 60 percent rise may be on the horizon
The post Notcoin (NOT) is preparing for another big step; 60% growth may be on the horizon first appeared on Coinpedia Fintech News
Notcoin has attracted considerable attention recently, as the price has increased enormously. Now that the token is facing a 25% pullback after a huge increase of almost 3,500%, market participants seem to have been puzzled by the next price action. However, the current trading situation suggests that the price is NOT gaining strength and may provoke a healthy rise in the next few days.
The price has NOT undergone a parabolic movement since its inception and has reached huge highs. As mentioned above, the token maintained a downward consolidation for some time, which, in turn, gave massive bullish signals. The pullback caused the price to form a bullish pennant, and the levels reached the top of consolidation, which suggests that there may be an extended bullish trend on the horizon.
The price does NOT seem to have remained within the range in the long term, while the short-term trade shows a huge probability of a bullish breakout. The price is consolidating within the bullish pennant, and it is expected that the latest pullback will cause a huge rise after breaking through the cluster boundary. In addition, the RSI remains within the mid-range, while the MACD is about to enter a positive range with a bullish intersection.
Overall, the price of Notcoin continues to remain in a bullish range despite temporary bearish pressure. In addition, the volume is also experiencing excessive compression, which indicates the likelihood of a huge influx of volume in the coming days. At the same time, the price may NOT provoke a new rise and first reach the upper target at $ 0.03, and then reach the ATH at $ 0.035 by the end of June 2024.
