With the crypto market witnessing a bullish reversal overnight, the altcoin segment offers bullish entry opportunities. Amidst the rising altcoins, the NOT price prediction teases a new breakout rally for a bullish rally ahead.
However, the intraday drop warns of a bullish failure if the overall trend momentum drops. Will the Notcoin price rally continue with a breakout run to surpass the $0.050 psychological milestone?
With a market cap of $1.645 billion, the Notcoin (NOT) price trades at $0.01605 with an intraday drop of 7.27%. The intraday downfall comes after the 14.44% jump overnight to challenge the overhead trendline with an engulfing candle.
With a bull cycle from the $0.010 psychological support, Notcoin challenges the overhead supply for a breakout run. Despite the 70% in nine days, the NOT price struggled to overcome the supply pressure at the descending trendline.
Thus, the lower high trend continues, and Notcoin warns of a reversal rally to the psychological cushion at $0.010. However, a broader market recovery could result in a breakout rally in NOT price crossing above the trendline.
Technical indicators:
RSI: The daily RSI line crosses above the halfway line, reflecting a surge in underlying demand.
MACD: The merger of MACD and signal lines results in a bullish crossover and a rise in positive histograms.
Hence, the momentum indicators bolster the bulls and tease an uptrend continuation in Notcoin (NOT) price.
Despite a sideways shift in trend, the NOT price teases an inverted head and shoulder pattern with a neckline at $0.017. However, the recent rejection from the trendline warns of a bullish failure in Notcoin.
A breakout run can propel the altcoin price to $0.031 by the end of July. Optimistically, the uptrend can continue to reach $0.045 or the 1.618 Fib level.
There’s fresh tension in the Ripple vs SEC case after Judge Analisa Torres rejected a…
There’s a big update in the Ripple vs SEC case. Judge Analisa Torres has officially…
Bitwise Asset Management filed amended S-1 registration statements with the United States Securities and Exchange…
Bitcoin (BTC) price has experienced heightened resistance around $108k in the past few days amid…
XRP’s Setup Signals Breakout Potential XRP is showing strong recovery signs as analysts project a…
Kaanch is fast becoming one of the outstanding tokens in Crypto X which is attracting…