Notcoin (NOT) Prepares For Major Rally—Is $0.10 Possible?

Notcoin (NOT) rose 19.71% in the previous day to $0.0085. The Telegram-based cryptocurrency's surge has moderated in recent hours, but a prominent crypto expert predicts additional price rises.

Analyst provided Notcoin a positive prognosis in an X post on November 23 after the token's sideways trend after breaking out of a collapsing wedge two weeks earlier. Traditional bullish falling wedges have two downward trend lines merging as the price falls.

An uptrend may reverse if a descending wedge occurs after a decline, but if it forms during an upswing, it may halt before the price climb continues.

Notcoin surged almost 380% after its introduction in May, but it fell in a five-month bear market. Analyst said on November 9 that the cryptocurrency had broken a falling wedge pattern, indicating a 76% price increase.

Over the last two weeks, Notcoin has been between $0.0070 and $0.0084.

Analyst remains upbeat, saying the cryptocurrency is only gaining momentum and liquidity to rise. If reached, the analyst's $0.12 price prediction will be the token's highest since August.

Non-bullish rally faces major resistance

Despite a possible price spike, Notcoin will meet a $0.010 barrier zone that worked in October. Given the Notcoin market and crypto community's favorable attitude, Martinez's prediction seems likely.

Donald Trump's victory as US president has boosted the digital asset market. With a crypto-friendly government expected, investors may keep purchasing key cryptocurrencies like Notcoin.