As the cryptocurrency market is facing a recent downtrend, major tokens are struggling to contain further declines. Meanwhile, the launch of a spot Ethereum exchange-traded fund (ETF) has unfortunately triggered a “sell reaction” in the market again, exacerbating market instability, as Ethereum (ETH) prices have shown signs of being overexaggerated.
This situation has put some non-mainstream cryptocurrencies (altcoins) in a state of uncertainty, but some of them have shown strong resilience and seem to be ready to maintain their subsequent healthy upward momentum. As the monthly trading period is coming to an end, popular altcoins including Toncoin (TON) and Notcoin (NOT) are struggling to resist the bearish sentiment in the market and strive to maintain their market position.
TONcoin (TON) price expected to rise by 10% this weekend
Toncoin price is trying to confirm its rebound from the mid-term low before testing the monthly low, which builds a positive picture for the altcoin market. In the past few months, bullish forces have always paid close attention to the token, so once it shows strong upward momentum, it is expected to attract a lot of new buying power.
If the token can maintain its current stable levels over the weekend, we have reason to expect that the TON price will show a significant upward trend over the next seven days.
The price of TON coin is currently fluctuating in an ascending wedge structure, showing an imminent breakout of the key support level below it. The market predicts that this trend may lead to a price correction of about 15%. Although there are initial signs of recovery in the early trading session after hitting the recent local price low, and the RSI indicator shows a bullish divergence, the super trend indicator still maintains a bearish trend.
Based on the above analysis, we expect the price of Toncoin (TON) to maintain an upward consolidation pattern during the coming weekend and may break through the upper limit of $7.2. If the bulls can continue to maintain this price range firmly, the price is expected to rise further to double-digit levels in the coming week.
Notcoin (NOT) price enters a downward phase
Notcoin’s performance has been exceptional since its inception, with bulls firmly maintaining their dominance over the token even in the face of significant bearish pressure. Although the current trading volume remains at a low level, which may pose some obstacles to the rebound momentum, we have reason to believe that the upcoming weekend trading may bring an unexpected turn for the coin.
NOT’s price is poised for a bullish rally that could see gains of up to 12% in the coming days.
Notcoin’s market performance has been showing a steady but cautious downward trend since its price peak, and its trend is currently at a crucial tipping point. Prices are approaching the apex of a decisive triangle formation, signaling that a significant price move may be imminent.
As the technical analysis MACD clearly points out, market volume has bottomed out and seller power is showing initial signs of slowing down. Furthermore, despite the previous bearish signal from the DMI indicator, it is currently approaching a key bullish crossover point, indicating that the market momentum may undergo a fundamental shift.
In view of this, we have reason to predict that the price of Notcoin will trade within the established range-bound framework, and is expected to start a new upward cycle and successfully break through the important resistance barrier in the range of $0.016 to $0.017.
Today’s article ends here. If you like it, please follow me~
In the cryptocurrency world, in addition to keen insight and accurate judgment of the market, it is also inseparable from a tacitly coordinated and strong team, as well as an experienced, wise and courageous leader. With them, you are like having an invisible map to success, avoiding detours and reaching your goal directly.
Following me is the first step towards success. Because in this cryptocurrency world full of opportunities and risks, I will be your most reliable guide, moving forward with you and exploring this unknown field together.