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Notcoin (NOT) Decisive Breakout Signals Buy Opportunity: Toncoin (TON) Resumes Push Toward New All-Time High
Notcoin
NOT
Notcoin (NOT) Decisive Breakout Signals Buy Opportunity: Toncoin (TON) Resumes Push Toward New All-Time High
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Toncoin (TON) Breaks Out After Consolidation
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Notcoin (NOT) has broken out of a descending channel pattern that had confined its price movement since early June. This technical breakout could potentially pave the way for a significant price surge
Over the past two weeks, Notcoin traded within the boundaries of a descending channel, a bearish continuation pattern characterized by lower highs and lower lows. However, recent price action saw NOT breach the upper trendline of this pattern, signaling a potential reversal of the prevailing downtrend.
Potential 45% Upside Target
A breakout from a descending channel often leads to a price objective equal to the channel’s height, projected from the breakout point. For Notcoin, this translates to a potential upside target of around $0.02, representing a 45% increase from current levels.