Notcoin

bullish

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<p>Crypto analyst Ali (@ali_charts) has spotlighted <a href="https://captainaltcoin.com/notcoin-not-price-set-for-explosive-breakout-will-it-hit-new-all-time-highs-soon/" target="_blank" rel="noopener noreferrer nofollow">Notcoin (NOT)</a> showing potential for a breakout. In a tweet, Ali indicated that NOT is nearing a critical point, where a breakout could prompt a substantial price rally.&nbsp;</p>
<p>His insight comes as the token forms a bullish “falling wedge” pattern, a signal typically associated with reversals in favor of price gains. The pattern observed in Notcoin’s recent price action suggests a reversal could be imminent.&nbsp;</p>
<p>Characterized by two converging downward-sloping trendlines, this pattern reflects diminishing bearish pressure. This movement often signals a breakout when the price breaks above the wedge’s upper boundary.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Notcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Notcoin</a> <a href="https://twitter.com/search?q=%24NOT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$NOT</a> is shaping a falling wedge pattern, hinting at a potential 60% price surge if it breaks above the $0.0076 level! <a href="https://t.co/NHxmP8wwG3" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/NHxmP8wwG3</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1851302726841319536?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 29, 2024</a>
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<p>As the price approaches the $0.0076 level, a successful breakout could set off a rally, with Ali’s projecting a 60% surge from current levels. A falling wedge formation is typically interpreted as a bullish signal in technical analysis, especially as volume decreases within the narrowing price range.&nbsp;</p>
<p>Ali’s analysis emphasizes that a confirmed breakout from the wedge pattern could validate the anticipated rally, drawing investor attention to the <a href="https://www.crypto-news-flash.com/notcoin-sees-reduced-volatility-and-potential-breakout-ahead/" target="_blank" rel="noopener noreferrer nofollow">coin’s potential</a>.</p>
<h2 class="wp-block-heading" id="strong-key-notcoin-price-levels-strong"><strong>Key Notcoin Price Levels&nbsp;</strong></h2>
<p>Ali’s analysis pinpoints $0.0076 as the key breakout level, with a sustained move above it likely to accelerate price momentum. If achieved, the price target for NOT would be approximately above $0.0112, aligning with the 0.618 Fibonacci retracement level.&nbsp;</p>
<p>This Fibonacci level, often used by traders to forecast resistance zones, serves as a potential price target that matches the projected 60% gain.</p>
<p>Additional Fibonacci retracement levels plotted on the chart also indicate possible resistance points. These levels include 0.236 at $0.0203, 0.382 at $0.0161, 0.5 at $0.0134, and 0.786 at $0.0086.&nbsp;</p>
<p>Each level may present temporary resistance as NOT navigates its upward trajectory, should a breakout occur.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/can-kaspa-kas-still-reach-10-this-bull-run/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Can Kaspa (KAS) Still Reach $10 This Bull Run?</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-support-and-price-action-strong"><strong>Support and Price Action</strong></h2>
<p>The wedge’s lower boundary around $0.0061 has repeatedly served as a support level, providing a foundation for NOT’s structure. Should prices remain above this support, the bullish setup remains intact, but a breakdown below it could negate the bullish perspective.</p>
<p>Currently, NOT trades below $0.0071 on the chart <a href="https://coinmarketcap.com/currencies/notcoin/" target="_blank" rel="noopener noreferrer nofollow">at $0.006953</a> and slightly below Ali’s highlighted breakout level. Ali’s positive perspective suggests a possible upward move toward $0.0076.</p>
<p>According to Ali’s analysis, the outlook for Notcoin is optimistic, with the potential for a rise contingent on a breakout from its wedge formation. By focusing on $0.0076 as the breakout level, Ali higlights its importance as a pivot for validating the bullish scenario.&nbsp;</p>
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<p>The post <a href="https://captainaltcoin.com/notcoin-not-price-could-surge-60-expert-analysis/" rel="noopener noreferrer nofollow">Notcoin (NOT) Price Could Surge 60% – Expert Analysis</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Notcoin (NOT) Price Could Surge 60% – Expert Analysis

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