Notcoin (NOT) Price Sets the Stage for a Bull Run, Anticipating a 25% Upsurge in the next 24 Hours
The cryptocurrency market is showing signs of recovery, with Bitcoin’s price surpassing $57,000 and altcoins gearing up for a strong rebound. Notcoin, a popular altcoin, has secured crucial resistance, and a daily close above these levels is expected to drive the NOT price towards higher targets in the coming days.
Market sentiment has shifted significantly and is anticipated to remain volatile in the near future. With the bulls regaining dominance, a 25% upswing in the NOT price is expected. Despite dropping by nearly 30% since the beginning of the month, the token has fulfilled bearish pressure and is now showing strong signs of rebound, with a potential rise above $0.02 on the horizon.
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While the price has been influenced by bears since reaching highs near $0.03, the recent weekend saw a breakthrough from the descending triangle pattern. Following a minor correction, the NOT price has reclaimed a support-turned-resistance zone, suggesting a fresh bullish price action.
Technical Analysis Outlook
The MACD indicator remains bullish, and the on-balance volume (OBV) is rising above the vertical consolidation, indicating the reclamation of dominance by the bulls. After reaching the 0.5 Fibonacci retracement level at $0.013, the next target could be around 0.718, above $0.02. However, for this move to be validated, the Notcoin price needs to close above the 0.618 Fibonacci level at $0.018, signaling a fresh bullish upswing towards higher targets.
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Tolu Zach is a multifaceted professional with expertise in both crypto content creation and medical laboratory technology. With a unique blend of analytical skills and industry knowledge, Tolu navigates the complexities of cryptocurrency while maintaining a pivotal role in healthcare. Trusted for insightful analysis and accurate diagnostics, Tolu excels in diverse fields.
