bullish

Cryptocurrency

Momentum

Green

<ul class="wp-block-list">
  
 <li>$NOT surged 76.25% after a descending wedge breakout, reaching $0.0121 in a strong 29-day rally.</li>   
 <li>MACD bullish crossover and RSI at 60.49 signal positive momentum with room for further upward movement.</li>   
 <li>The $0.0081 support level stabilizes pullbacks, while resistance near $0.012 provides a target for traders.</li> 
</ul>   
<p>Cryptocurrency analyst <a href="https://x.com/ali_charts/status/1864245258692812912" target="_blank" rel="noreferrer noopener">Ali</a> has highlighted a significant breakout for Notcoin ($NOT), which occurred after 29 days of consolidation. The breakout after that had a <a href="https://cryptonewsland.com/descending-wedge-pattern-in-total2-could-altcoins-be-poised-for-a-rebound/" target="_blank" rel="noreferrer noopener sponsored nofollow">descending wedge pattern, signaling potential reversals in price trends</a>. Prices surged by 76.25%, moving from $0.0056 to a high of $0.0121 which is a bullish shift.</p>   
<h2 class="wp-block-heading" id="h-descending-wedge-sparks-bullish-momentum">Descending Wedge Sparks Bullish Momentum</h2>   
<p>The descending wedge formed between July and early November, showcasing lower highs and lows. This consolidation reflected sustained bearish pressure. However, mid-November marked a turning point as prices broke above the upper trendline. Buyers seized control, driving a sharp rally.</p>   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe0kinEaPlhLcP7Xi0jU7qixCNamhX2A6tOOXtvTSpsAHJZUGzf5auF5LjHBUzYLNjK8bFfsPpwJkqV4LjSx4GnPaZjKqcBaG-5BUF1dI9SuipKJgh4aN4zB_xvMrLFaJghRCIOsQ?key=i3HQKqd0PHmhFj6roIyvUciz" alt="">
</figure>   
<p>Source: <a href="https://x.com/ali_charts/status/1864245258692812912" target="_blank" rel="noreferrer noopener">Ali</a></p>   
<p>Additionally, the breakout coincided with increased volatility and heightened market activity. This surge was supported by a robust 29-day upward trajectory, with $NOT hitting a peak of <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noreferrer noopener">$0.0121</a>. The green zone on the chart highlighted the profitable movement, while a red zone depicted the stop-loss area below the wedge.</p>   
<h2 class="wp-block-heading" id="h-technical-indicators-suggest-continued-uptrend">Technical Indicators Suggest Continued Uptrend</h2>   
<p>Significantly, the price remains steady above $0.009, consolidating near $0.0095 after a brief retracement. Notably, $0.0081 has served as a key support zone during pullbacks, providing stability for traders.</p>   
<p>Moreover, the MACD indicator reveals a bullish crossover, with the MACD line above the signal line. Green histogram bars further emphasize strengthening momentum. The RSI stands at 60.49, indicating room for further <a href="https://cryptonewsland.com/notcoin-trading-volume-surges-to-16-33-billion-rsi-indicates-overbought-conditions/" target="_blank" rel="noreferrer noopener sponsored nofollow">upward movement without overbought conditions</a>.</p>   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXftAmvRznb8esUIPWdE3AqBDM9HTguyDjDvaA17rxDJSP-ev-n3B-Ls_zXsg6dIpRk7fCgjnsyz1cffYJznecgKNM5JVsShQcivhdPKPcNE4J3-GxzDcwAHVHHHFdCLp4vnzYjESw?key=i3HQKqd0PHmhFj6roIyvUciz" alt="">
</figure>   
<p>Source: <a href="https://cryptorank.io/price/notcoin/full-feature-chart" target="_blank" rel="noreferrer noopener">CryptoRank</a></p>   
<p>Trading volume spikes during pivotal price movements reinforce this bullish narrative. Together, these technical indicators confirm buyer dominance and suggest a sustained upward trend.</p>   
<h2 class="wp-block-heading" id="h-optimism-amid-strengthening-momentum">Optimism Amid Strengthening Momentum</h2>   
<p>The interplay of technical factors paints a promising picture for $NOT's continued rally. With clear support at $0.0081 and resistance near $0.012, traders have defined zones to navigate. The bullish breakout, reinforced by robust technical indicators, signals further potential for $NOT in the short term.</p> 
<p>The post <a href="https://cryptonewsland.com/not-skyrockets-76-after-breakout-from-descending-wedge-pattern/">$NOT Skyrockets 76% After Breakout from Descending Wedge Pattern</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

$NOT Skyrockets 76% After Breakout from Descending Wedge Pattern

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