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Sohrab Khawas
Sohrab Khawas
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Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Nov 25, 2024 07:17 UTC
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Notcoin (NOT) Rally Targets New ATH With $0.010 Breakout
Notcoin is trading at 70% below its all-time high, presenting growth potential.
The 38.20% Fibonacci level and $0.0010 supply zone pose key resistance challenges.
Surpassing the 50-day and 100-day EMA hints at a potential bullish crossover.
Ranking as the 100th biggest cryptocurrency, Notcoin has a market cap of $905 million. Over the past 24 hours, it has increased by 4.85% and is currently trading at $0.0088.
With the recovery rally in action, Toncoin and its high-ranking performer, Notcoin, are likely to make a bullish comeback. Let’s find out more about the NOT price targets in the coming rally in Coinpedia’s latest price analysis.
Notcoin Price Performance
With a market cap of $905.97 million, the 24-hour trading volume of Notcoin stands at $938 million. This results in a volume-to-market cap ratio of 102.81%, reflecting massive liquidity in the market.
Currently, the NOT token is trading nearly 70% below its all-time high of $0.02896, revealing a massive room for growth if it regains the bullish momentum.
In the daily chart, the Notcoin price action shows a falling-wedge breakout rally, gaining momentum. The pattern breakout rally has surpassed the 23.60% Fibonacci level at $0.0077 with a post-test reversal.
The reversal rally peaked at the $0.010 psychological mark but failed to sustain the rally. Over the past 24 hours, the altcoin has increased by 30% to create two consecutive bullish candles.
However, the intraday pullback of 6% reveals the massive overhead supply, followed by overnight rejection at the psychological mark. The bulls struggle to surpass the 38.20% Fibonacci level and the $0.0010 supply zone.
Technical Indicators
EMA: The NOT price has crossed the 50-day and 100-day EMA lines, raising the chance of a bullish crossover.
MACD: The MACD and signal line showcase a quick rise with a surge of bullish histograms. Hence, the technical indicators maintain a positive viewpoint for Notcoin.
Notcoin Price Targets $0.0033
Based on the Fibonacci level, the $0.10 breakout rally must sustain dominance above the 50% Fibonacci level at $0.001. This will increase the credibility of a bullish run ahead.
The Fibonacci level sprained the upcoming price target at $0.016 and $0.0022. This breakout bull run to $0.0022 will increase the chances of a new all-time high for which the price target is set at $0.0033 or 1.272 Fibonacci level.
Curious to know if NOT token price will reach $1. Find out now in Coinpedia’s Notcoin price prediction.
FAQs
Notcoin has increased by 4.85% in the past 24 hours and is currently trading at $0.0088.
Notcoin faces resistance at the $0.010 psychological mark and the 38.20% Fibonacci level.
With a ratio of 102.81%, Notcoin exhibits high market liquidity, indicating significant trading activity.
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