#NOT🔥🔥🔥
Notcoin surge warning! Analyst predicts 12.5% increase, are you ready?
Last week, NOT rose 14.45%.
One analyst said that once the falling wedge pattern is broken, the coin will rise another 12.5%.
In the past two weeks, NOT has climbed out of the falling wedge a lot in the daily timetable. At the time of writing this article, the price of NOT is $0.008772, which is a 5.22% increase in a month.
The same is true on the weekly chart, the coin is up 14.45%.
After falling to $0.0069 on September 18, the altcoin rose for 9 consecutive days, and then fell a little. As a result, in the last 24 hours, it has fallen another 2.09%.
However, although there is a slight drop on the daily chart, overall, the rise this week is still more than the fall.
What is the market sentiment?
The recent surge has allowed analysts to make bold bets on the future of altcoins. Well-known cryptocurrency analyst Ali Martinez said that the next rise is 12.5%.
Martinez gave an example, saying that Notcoin broke out of the falling wedge pattern on the hourly chart.
It is said that the breakout will have to rise by 12.5%, and the price can reach $0.009868.
Once this pattern is broken, it means that the pressure on sellers is reduced, and buyers begin to enter the market to push up prices.
But charts are not omnipotent
Although Martinez's analysis points Notcoin in a direction.
First, Notcoin's funding rate has been positive this week. This means that it has risen more than it has fallen.
This shows that buyers often have the upper hand, and investors are quite confident in Notcoin's future.
Moreover, the long demand for NOT is higher than the short demand.
Finally, the market is quite stable because the big whales control most of the tokens. 66.69% of the tokens are in their hands, and retail investors and investors have to listen to them.
The market dominated by big whales is not easy to sell randomly. They are experienced and will not follow news or emotions. They want this altcoin more and more, which shows that they are confident and think it can still rise.
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