The crypto market has its eyes on Notcoin (NOT) as technical analysts and traders highlight a potential bullish breakout. Top analyst CryptoJobs3 shared a chart on X (formerly Twitter) suggesting that NOT’s price is respecting its key trendlines and could be gearing up for a significant move. The tweet showcases confidence in NOT’s upward trajectory, reinforced by a weekly bullish retest, leaving traders wondering if the token is poised for substantial gains.
Notcoin Chart Analysis: Ascending Trendline Drives Bullish Momentum
The chart reveals a strong ascending trendline that has consistently supported NOT’s price action. Multiple touches along this trendline confirm its reliability in maintaining the token’s upward momentum. Immediate resistance has been identified at the $0.0098 mark, which the price has tested multiple times without a decisive breakout.
Support levels at $0.0087 and $0.0079 further strengthen the bullish outlook. If the price pulls back, these levels are expected to act as safety nets for traders eyeing an entry point. The chart also hints at the formation of a bullish flag or pennant, which could propel the price toward its upward target of $0.0110 upon a breakout.
Image Source: X/CryptoJobs3 Key Scenarios for NOT Price Movement
Analysts observe two potential paths for NOT’s short-term movement. In the bullish scenario, the token could break above the $0.0098 resistance, confirming the bullish flag pattern. This could lead to a rally targeting $0.0110, marked prominently on the chart.
Alternatively, a rejection at resistance might result in a pullback toward the ascending trendline around $0.0087. Such a move could still sustain the bullish structure, offering another chance for a breakout attempt. A bearish outcome, though less likely, could see NOT’s price drop below $0.0079, testing deeper support zones.
Trader Confidence Reflected in Tweet
CryptoJobs3 tweet underscores confidence in NOT’s bullish outlook. The trader notes that the price action is “following exactly my lines,” highlighting the accuracy of their analysis. Referring to a “bullish retest weekly,” they express optimism about NOT’s price next move, engaging the crypto community with the rhetorical question, “I’m confident and you? ”
With ascending support intact and resistance nearing a potential breakout, NOT has captured market attention. Traders remain optimistic about its bullish momentum, with many looking toward the $0.0110 level as the next critical milestone. As price action unfolds, NOT continues to be a token to watch for short-term and swing traders alike.
Read Also: Analyst Updates Fantom (FTM) Price Predictions for January 2025 and Bull Run Peak
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