The market dynamics continue to remain in favour of altcoins, as some of them like Notcoin, JasmyCoin, and Toncoin have been trending in the past few days. The trend suggests these altcoins are expected to maintain a steady upswing as the volume of these tokens is rising considerably.
Notcoin continues to trade under a bullish influence as prices have been soaring with notable strength. The rally is forming consecutive higher highs and lows, suggesting the bulls have held a huge dominance. Therefore, the NOT price is believed to maintain a healthy upswing for the next few days as fresh liquidity is expected to flow into the platform soon.
Ever since the price triggered a bullish rebound from the local bottoms at $0.0046, it has traded within a steep ascending trend within a rising wedge. The volume appears to have squeezing to a large extent and hence an explosion may be on the horizon. Besides, the OBV is rising and has yet to reach the upper threshold, suggesting there is some more room for the bulls to find highs. Therefore, the Notcoin (NOT) price is expected to find a new ATH somewhere around $0.034 before this weekend.
JasmyCoin has accomplished a parabolic recovery and is entering one of the crucial resistance zones between $0.037 and $0.040. The bulls appear to have held a strong hold over the token, due to which, the price is expected to consolidate within the range for a while. This could trigger a healthy rise in the prices ahead, as the technicals are portraying.
After breaking above the bull flag, JASMY’s price has been displaying immense strength as it is heading to test the crucial resistance. The bulls have gained immense power, as the BB power suggests, while the RSI also supports the bullish narrative. Now that the volume has gained momentum, a bullish continuation may be expected. Therefore, the JASMY coin is expected to hover along the resistance zone for a while, followed by a bullish breakout towards the ATH.
Toncoin price is consolidating within a narrow range below the crucial resistance level at $6.6 for a while, following a marginal rise. However, the price continues to struggle to reach the upper resistance zone, as the bears seem to have capitulated. Therefore, as the current trade set-up suggests, the TON price is expected to drop below the interim support as the bulls do not possess the required strength.
TON price is trading close to the final resistance zone, as a breakout above this zone will lead the rally to form a new ATH. However, the market dynamics and the technicals do not suggest this narrative, as the price is expected to enter the zone and face another pullback. The stochastic RSI is about to hit the upper threshold and hence it may drop after a brief consolidation. Secondly, the selling pressure has mounted, which may make it difficult for the price to form a new ATH in the near future.
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