Notcoin

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bullish

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<p>Ali Martinez, an analyst, has made a bullish signal for Notcoin. His analysis explains how the token’s price activity has aligned with the falling wedge pattern. It is often associated with a trend reversal. </p> 
<h2 class="wp-block-heading" id="strong-not-price-making-an-interesting-strong"><strong>NOT Price Making an Interesting</strong></h2> 
<p>According to Martinez, if Notcoin finds itself breaking above the wedge’s upper resistance line, it could take off by as much as $0.012. This projection amounts to more than a 76% gain.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Looks like <a href="https://twitter.com/hashtag/Notcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Notcoin</a> <a href="https://twitter.com/search?q=%24NOT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NOT</a> is testing the breakout level from a falling wedge pattern before it surges to the $0.012 target! <a href="https://t.co/H4qKhjMJ23">https://t.co/H4qKhjMJ23</a> <a href="https://t.co/VX8ssGaSwq">pic.twitter.com/VX8ssGaSwq</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1856010486183342462?ref_src=twsrc%5Etfw">November 11, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>A falling wedge is considered a bullish pattern quite well if it occurs during a downtrend. Decreasing downward momentum and potential buyers amassing positions usually imply that the structure indicates that the price will reverse.</p> 
<p>As is the case with&nbsp;<a href="https://www.thecoinrepublic.com/2024/11/06/analyst-calls-bullish-reversal-on-notcoin-as-prices-recover/">Notcoin</a>, the chart shows that the price of Notcoin has been consolidating within this falling wedge for some time now, from as early as August. </p> 
<p>A structure of a narrowing tunnel pattern has emerged. Each price dip hitting a slightly higher floor and each bounce failing to reach the earlier highs. </p> 
<p>According to Martinez’s analysis, Notcoin appears to be at the top of a wedge. It is currently testing the breakout level of this wedge with the idea that a possible breakout will send Notcoin soaring.</p> 
<p>The formation of a breakout could take Notcoin past its previous target at $0.012. It is the amount of upside potential there is to gain. To determine this target, we apply the breakout level to the pattern’s height at its widest point. </p> 
<p>The move could attract fresh interest from traders if Martinez’s forecast comes true. It could lead to higher trading volumes and more likely tip the market in Notcoin’s favour.</p> 
<h2 class="wp-block-heading" id="strong-notcoin-on-a-recovery-run-strong"><strong>Notcoin on a Recovery Run</strong></h2> 
<p><a href="https://www.thecoinrepublic.com/2024/10/27/notcoin-price-on-the-move-with-whale-accumulation-0-1-in-sight/">Notcoin’s</a>&nbsp;current market performance has been promising. According to the latest data, the token price has been pumping over 8%. In the last 24 hours at press time it reached $0.007595.</p> 
<p>Further insight into Notcoin’s near-term outlook comes from the technical indicators on Notcoin’s chart. One critical indicator of material interest to the trader is the 50-day Simple Moving Average (SMA). </p> 
<p>Around this 50-day SMA, which is $0.007565, Notcoin is currently trading. Usually, the 50-day SMA is a resistance level in downturns, for prices to struggle to get above it. A sustained upward move will become probable only when Notcoin can breach this level. It suggests increasing buying momentum and making the case.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="506" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-295-1024x506.png" alt="1-day NOT/USDT Chart | Source:&nbsp;TradingView" class="wp-image-826633" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-295-1024x506.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-295-300x148.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-295-768x380.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-295-1536x759.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-295-150x74.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-295-696x344.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-295-1068x528.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-295.png 1600w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  1-day NOT/USDT Chart | Source:&nbsp;TradingView
 </figcaption>
</figure> 
<p>Furthermore, Money Flow Index (MFI) are depicted interestingly. Notcoins MFI is currently at 76.81 and marching towards the overbought territory. This is a reading of a higher buying pressure investors buying up positions hoping for the breakout. </p> 
<p>An MFI near 80, however, is also a possible indicator of a pullback if buy sentiment fades. Traders, on the other hand, will be waiting for a correction to get into new positions if the MFI continues to rise, and if it crosses 80, this could be an overbought condition.</p> 
<p><a href="https://www.thecoinrepublic.com/2024/10/09/notcoin-not-and-dogs-plots-massive-token-burns-implication-for-price/">Notcoin</a>&nbsp;will only break out when it takes hold above key resistance levels. The falling wedge’s upper boundary (first resistance) is around the $0.008 mark. But this level has been a struggle, with breakdowns above it often being rejected, leading to price declines. </p> 
<p>If Notcoin can beat this resistance, the next key area is the 200-day SMA at $0.008385. If broken, this level would likely explode towards the $0.012 target.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/11/12/analysts-predict-notcoin-not-price-breakout-as-prices-recover/">Analysts Predict Notcoin (NOT) Price Breakout as Prices Recover</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

Analysts Predict Notcoin (NOT) Price Breakout as Prices Recover

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